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.