Patrick Industries Inc (PATK)
Debt-to-equity 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-equity 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-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 been 0.00 over the past several quarters, including the most recent data up to December 31, 2024. This indicates that the company has been operating with no debt or has very minimal debt in relation to its equity. A low debt-to-equity ratio like this suggests that the company may be relying more on equity financing rather than debt to fund its operations and growth. It also implies a lower financial risk as the company is not heavily leveraged, which can be seen as a positive signal to investors and creditors. However, it is essential to consider other financial metrics and factors in conjunction with the debt-to-equity ratio to get a comprehensive understanding of Patrick Industries Inc's financial health and performance.
Peer comparison
Dec 31, 2024