Patrick Industries Inc (PATK)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,128,370K
= 0.00
The debt-to-equity ratio for 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 during this period and has relied solely on equity financing. A low or zero debt-to-equity ratio is generally seen as favorable as it signifies lower financial risk and less dependence on external debt for funding. Patrick Industries Inc's stable ratio suggests a conservative capital structure and a healthy financial position with no significant debt burden.
Peer comparison
Dec 31, 2024