RB Global Inc. (RBA)
Debt-to-assets 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 assets | US$ in thousands | 11,807,000 | 11,932,000 | 12,077,100 | 12,032,800 | 11,975,800 | 12,012,800 | 11,911,400 | 11,868,000 | 2,863,730 | 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 |
| Debt-to-assets 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-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, as per the data provided from March 31, 2020, to December 31, 2024. This indicates that the company has no debt relative to its total assets during the period under review. A low or zero debt-to-assets ratio suggests that RB Global Inc. is not relying heavily on debt financing to support its operations and expansion. This could be a positive sign of financial stability and risk management as the company is not overly leveraged, thus reducing the risk of financial distress. However, it's important to note that a very low debt-to-assets ratio may also imply missed opportunities for growth or that the company may not be utilizing debt effectively to optimize its capital structure. Overall, RB Global Inc.'s consistent zero debt-to-assets ratio indicates a conservative financial approach with little financial leverage.
Peer comparison
Dec 31, 2024