RB Global Inc. (RBA)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 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 |
RB Global Inc. has consistently maintained a very strong solvency position over the years, as indicated by its solvency ratios. The Debt-to-assets ratio, Debt-to-capital ratio, and Debt-to-equity ratio have all been reported as 0.00 from March 2020 to December 2024. This signifies that the company has no debt in its capital structure during this period.
The Financial leverage ratio, which measures the proportion of debt in a company's capital structure, has fluctuated over the years, ranging from 2.17 to 3.36. Despite these fluctuations, the ratios have generally stayed within a moderate range, with a peak at 3.36 in December 2021. Overall, the company's financial leverage has remained relatively stable, indicating a balanced approach to debt financing.
In conclusion, RB Global Inc. demonstrates a robust solvency position with minimal debt obligations and a balanced mix of debt and equity in its capital structure. The company's strong solvency ratios reflect a prudent financial management strategy, providing a solid foundation for long-term stability and growth.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 3.36 | 3.02 | 2.90 | 2.74 | 2.27 | 2.40 | 2.90 | 3.67 | 5.23 | 4.87 | 4.65 | 5.51 | 6.51 | 7.45 | 7.99 | 7.98 | 7.71 | 7.73 | 6.67 | 6.18 |
RB Global Inc.'s interest coverage ratio has shown a declining trend over the past few years, starting at 6.18 on March 31, 2020, and reaching 3.36 on December 31, 2024. This indicates that the company's ability to cover its interest expenses from its operating income has weakened over time. A diminishing interest coverage ratio may suggest that RB Global Inc. is becoming less capable of meeting its interest obligations, which could raise concerns about its financial health and debt repayment capacity. Management should closely monitor this ratio and take actions to improve it, such as reducing debt levels, increasing profitability, or renegotiating debt terms.