RB Global Inc. (RBA)

RB Global Inc. has consistently maintained strong solvency ratios over the years. The debt-to-assets ratio, debt-to-capital ratio, and debt-to-equity ratio have all remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not relied heavily on debt to finance its operations and investments, which is a positive sign of financial stability and low financial risk.

The financial leverage ratio, on the other hand, has shown some fluctuations over the years, ranging from 2.22 to 3.36. Despite these fluctuations, the financial leverage ratio has generally stayed within a reasonable range, which suggests that the company has effectively managed its debt relative to its equity and assets.

Overall, RB Global Inc. appears to have a strong financial position with minimal reliance on debt, as evidenced by the consistently low debt ratios. The fluctuations in the financial leverage ratio may require closer monitoring to ensure that the company maintains a healthy balance between debt and equity in its capital structure.

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Coverage ratios

Based on the provided data, RB Global Inc.'s interest coverage ratio has exhibited some fluctuations over the years. As of December 31, 2020, the interest coverage ratio was 7.50, indicating that the company generated 7.50 times more operating income than its interest expenses, which is generally considered healthy.

However, there was a slight decline in the interest coverage ratio to 6.49 as of December 31, 2021. While still above 1, suggesting the company could cover its interest payments, this decrease may warrant further investigation to ascertain the potential reasons behind the reduction.

The interest coverage ratio showed an improvement to 7.70 as of December 31, 2022, which is a positive sign as it indicates the company's ability to meet its interest obligations.

Subsequently, there was a significant decline in the interest coverage ratio to 2.36 as of December 31, 2023. This sharp decrease raises concerns about the company's ability to cover its interest expenses with its operating income at that point in time.

Lastly, as of December 31, 2024, the interest coverage ratio improved to 3.35. Although the ratio is higher compared to the previous year, it is still relatively low, suggesting that RB Global Inc. may have challenges in meeting its interest payments comfortably.

In conclusion, RB Global Inc.'s interest coverage ratio has varied over the years, indicating fluctuations in its ability to cover interest expenses with operating income. It is essential for stakeholders to closely monitor this ratio to assess the company's financial health and ability to meet its debt obligations.