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 | ||
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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