Patrick Industries Inc (PATK)
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 | 3,020,950 | 2,562,450 | 2,782,470 | 2,650,730 | 1,753,440 |
| 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 ÷ $3,020,950K
= 0.00
The debt-to-assets ratio of Patrick Industries Inc has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt as a source of financing in relation to its total assets during this period. A debt-to-assets ratio of 0.00 typically signifies that the company's assets are entirely funded by equity rather than debt, suggesting a conservative financial structure with lower financial risk. It shows that the company has a strong financial position with minimal debt obligations and may have sufficient internal resources to support its operations and growth without relying on external borrowings.
Peer comparison
Dec 31, 2024