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.