Installed Building Products Inc (IBP)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 2,059,900 | 1,981,300 | 1,778,930 | 1,653,200 | 1,187,680 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $2,059,900K
= 0.00
Installed Building Products Inc has maintained a consistent debt-to-assets ratio of 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt financing to fund its assets during this period. A debt-to-assets ratio of 0.00 typically suggests that the company has a strong financial position with no significant debt obligations relative to its total assets. It shows that the company's assets are primarily financed by equity, which may imply a lower financial risk and potentially greater financial stability. However, it is important to consider the context and industry norms when evaluating the implications of such a low debt-to-assets ratio for Installed Building Products Inc.
Peer comparison
Dec 31, 2024