Patrick Industries Inc (PATK)
Debt-to-assets ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 3,020,950 | 3,122,950 | 3,003,870 | 3,032,880 | 2,674,230 | 2,655,940 | 2,707,030 | 2,816,830 | 2,782,470 | 2,896,650 | 3,024,830 | 2,971,380 | 2,650,730 | 2,358,460 | 2,224,710 | 1,834,880 | 1,753,440 | 1,574,940 | 1,492,800 | 1,522,160 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 for Patrick Industries Inc has consistently remained at 0.00 over the past several quarters, indicating that the company does not have any debt relative to its total assets. This suggests that the company's operations are primarily financed through equity rather than debt. A low debt-to-assets ratio is often considered favorable as it signifies lower financial risk and greater financial stability for the company. It also indicates that the company may have a strong ability to meet its financial obligations and may be less vulnerable to economic downturns. Overall, the consistent 0.00 debt-to-assets ratio for Patrick Industries Inc reflects a healthy financial position with minimal reliance on debt financing.
Peer comparison
Dec 31, 2024