RB Global Inc. (RBA)
Financial leverage 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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 |
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 |
Financial leverage ratio | 2.38 | 2.40 | 2.45 | 2.42 | 2.44 | 2.22 | 2.28 | 2.33 | 3.16 | 3.36 | 2.43 | 2.47 | 2.61 | 2.33 | 2.65 | 2.76 | 2.65 | 2.47 | 2.81 | 2.86 |
March 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $12,045,200K ÷ $5,066,300K
= 2.38
RB Global Inc.'s financial leverage ratio has shown fluctuations over the past several quarters. The ratio was relatively stable around the 2.4 level from September 2022 to March 2023, indicating a consistent level of leverage during that period. However, there was a notable increase in leverage from December 2023 to March 2024, with the ratio rising to 2.38.
The highest level of financial leverage during the period analyzed was in March 2022 at 3.16, indicating a higher degree of leverage compared to other quarters. This suggests that the company may have taken on more debt relative to its equity in that particular period.
Overall, the trend in RB Global Inc.'s financial leverage ratio has been somewhat volatile, with some fluctuations observed. It would be important to further analyze the reasons behind these changes in leverage to assess the company's financial health and risk profile.
Peer comparison
Mar 31, 2024