Patrick Industries Inc (PATK)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	1,128,370	1,129,480	1,098,500	1,058,540	1,045,340	1,031,300	997,422	969,822	955,169	946,676	897,590	799,972	767,557	692,048	643,271	595,275	559,441	525,829	493,268	495,376
Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,128,370K)
= 0.00

Based on the provided data, Patrick Industries Inc has consistently maintained a debt-to-capital ratio of 0.00 from March 31, 2020, to December 31, 2024. A debt-to-capital ratio of 0.00 indicates that the company has no debt in its capital structure during this period.

Having a debt-to-capital ratio of 0.00 can suggest that Patrick Industries Inc relies more on equity financing rather than debt to fund its operations and investments. This may imply that the company has a strong financial position with a lower financial risk, as it does not have significant debt obligations to meet.

It is important to note that while a low debt-to-capital ratio is generally considered favorable, it is also essential to consider the overall capital structure and financial health of the company in conjunction with other financial ratios and metrics for a holistic assessment of its performance and risk profile.