RB Global Inc. (RBA)
Debt-to-capital ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 3,061,600 | 577,100 | 1,733,940 | 626,288 | 627,204 |
| Total stockholders’ equity | US$ in thousands | 5,016,700 | 1,289,600 | 1,070,680 | 1,007,240 | 901,833 |
| Debt-to-capital ratio | 0.38 | 0.31 | 0.62 | 0.38 | 0.41 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $3,061,600K ÷ ($3,061,600K + $5,016,700K)
= 0.38
The debt-to-capital ratio for RB Global Inc. has shown fluctuations over the past five years. In 2023, the ratio stands at 0.38, indicating that 38% of the company's capital structure is financed through debt. This suggests a moderate level of leverage.
Compared to the previous year, the ratio has increased from 0.31 in 2022, but it remains relatively stable within the historical range observed since 2019. The significant rise in the ratio in 2021 to 0.62 may have indicated a period of higher debt utilization to fund operations or investments.
Overall, the debt-to-capital ratio for RB Global Inc. seems to have returned to a more moderate level in 2023, implying a balanced mix of debt and equity in the company's capital structure. Monitoring this ratio over time can provide insights into the company's financing decisions and risk management strategies.
Peer comparison
Dec 31, 2023