RB Global Inc. (RBA)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 11,807,000 | 12,037,400 | 2,863,730 | 3,592,910 | 2,351,530 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $11,807,000K
= 0.00
RB Global Inc. has consistently maintained a debt-to-assets ratio of 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not used any debt to finance its assets during this period. A debt-to-assets ratio of 0.00 suggests that the company relies solely on equity financing to support its operations and investments, which can be viewed positively as it indicates a lower financial risk and potentially greater financial stability. However, it's important to note that a very low debt-to-assets ratio may also indicate underutilization of debt financing, potentially missing out on the benefits of leverage. Overall, RB Global Inc.'s consistent 0.00 debt-to-assets ratio reflects a conservative financial structure with minimal reliance on debt funding.
Peer comparison
Dec 31, 2024