Patrick Industries Inc (PATK)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,128,370 | 1,045,340 | 955,169 | 767,557 | 559,441 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,128,370K)
= 0.00
The debt-to-capital 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 any debt to finance its operations and investments during this period. A debt-to-capital ratio of 0.00 generally suggests a low financial risk as the company is primarily relying on its capital rather than external borrowing. It also indicates a strong financial position and may imply that the company has ample financial flexibility to fund its growth and operations without resorting to debt financing.
Peer comparison
Dec 31, 2024