RB Global Inc. (RBA)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	5,066,300	5,016,700	4,911,800	4,919,800	4,861,500	1,289,600	1,238,800	1,243,680	1,224,980	1,070,680	1,061,940	1,056,330	1,005,520	1,007,240	959,484	899,054	839,805	901,833	838,164	830,684
Debt-to-capital ratio		0.37	0.38	0.39	0.39	0.39	0.31	0.34	0.34	0.56	0.62	0.37	0.37	0.38	0.38	0.39	0.41	0.42	0.41	0.44	0.45

March 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $2,921,800K ÷ ($2,921,800K + $5,066,300K)
= 0.37

The debt-to-capital ratio of RB Global Inc. has fluctuated over the past several quarters, ranging from 0.31 to 0.62. A decreasing trend was observed from December 2022 to March 2023, with a subsequent increase up to December 2023. From December 2023 to March 2024, the ratio decreased slightly to 0.37.

Overall, the debt-to-capital ratio indicates that RB Global Inc. has been utilizing a moderate level of debt relative to its total capital structure. A ratio below 0.5 typically suggests a reasonable balance between debt and equity financing. However, the company should continue to monitor and manage its debt levels to ensure financial stability and optimal capital structure.