RB Global Inc. (RBA)

Debt-to-assets ratio

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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019
Long-term debt US$ in thousands 2,921,800 3,061,600 3,081,000 3,104,800 3,124,700 577,100 633,048 639,755 1,578,420 1,733,940 632,520 625,832 626,202 626,288 622,635 614,375 613,536 627,204 671,301 686,694
Total assets US$ in thousands 12,045,200 12,037,400 12,012,800 11,911,400 11,868,000 2,863,700 2,822,570 2,893,960 3,867,410 3,592,910 2,576,350 2,606,980 2,626,690 2,351,530 2,537,990 2,478,510 2,227,720 2,229,430 2,357,830 2,375,110
Debt-to-assets ratio 0.24 0.25 0.26 0.26 0.26 0.20 0.22 0.22 0.41 0.48 0.25 0.24 0.24 0.27 0.25 0.25 0.28 0.28 0.28 0.29

March 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,921,800K ÷ $12,045,200K
= 0.24

The debt-to-assets ratio of RB Global Inc. has fluctuated over the past few quarters, ranging from 0.20 to 0.48. A lower ratio indicates that the company relies less on debt to finance its operations and investments, while a higher ratio suggests a higher level of debt relative to its total assets.

In the most recent quarter, as of March 31, 2024, the debt-to-assets ratio stands at 0.24, indicating that for every dollar of assets, RB Global Inc. has $0.24 in debt. This suggests a relatively conservative capital structure with a moderate level of debt compared to its asset base.

The trend in the debt-to-assets ratio shows some variability, with fluctuations observed over the quarters. It is essential for stakeholders to closely monitor changes in this ratio, as a significant increase may indicate a higher financial risk associated with increased debt levels, while a decrease may signal a more conservative financial position.

Overall, a debt-to-assets ratio of 0.24 as of March 31, 2024, suggests that RB Global Inc. has a manageable level of debt in relation to its assets, but ongoing monitoring of this ratio is crucial to assess the company's financial health and risk profile.


Peer comparison

Mar 31, 2024