RB Global Inc. (RBA)

Financial leverage ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	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
Total assets	US$ in thousands	11,807,000	11,932,000	12,077,100	12,032,800	11,975,800	12,012,800	11,911,400	11,868,000	2,863,730	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
Total stockholders’ equity	US$ in thousands	5,226,300	5,211,500	5,154,540	5,542,580	5,470,570	5,393,800	5,401,800	5,343,500	1,289,610	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
Financial leverage ratio		2.26	2.29	2.34	2.17	2.19	2.23	2.21	2.22	2.22	2.28	2.33	3.16	3.36	2.43	2.47	2.61	2.33	2.65	2.76	2.65

December 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $11,807,000K ÷ $5,226,300K
= 2.26

The financial leverage ratio of RB Global Inc. provides insight into the company's level of debt relative to its equity. The trend analysis of the financial leverage ratio from March 31, 2020, to December 31, 2024, shows fluctuations over time.

Initially, the financial leverage ratio increased from 2.65 on March 31, 2020, to 2.76 on June 30, 2020, indicating a slightly higher reliance on debt. This trend continued with fluctuations until December 31, 2020, when the ratio decreased to 2.33, suggesting a decrease in debt relative to equity.

From March 31, 2021, to December 31, 2024, the financial leverage ratio experienced fluctuations within a moderate range. The ratio peaked at 3.36 on December 31, 2021, signaling a higher level of debt compared to equity. However, the ratio gradually decreased to 2.26 on December 31, 2024, indicating a lower reliance on debt.

Overall, RB Global Inc.'s financial leverage ratio fluctuated over the analyzed period, suggesting varying degrees of debt utilization. It is essential for the company to assess its debt levels carefully to maintain a balanced capital structure and ensure financial stability.