RBC Bearings Incorporated (RBC)
Debt-to-assets ratio
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,188,100 | 1,393,500 | 1,686,800 | 13,495 | 16,583 |
| Total assets | US$ in thousands | 4,678,600 | 4,690,400 | 4,845,400 | 1,434,260 | 1,321,910 |
| Debt-to-assets ratio | 0.25 | 0.30 | 0.35 | 0.01 | 0.01 |
March 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,188,100K ÷ $4,678,600K
= 0.25
The debt-to-assets ratio of RBC Bearings Incorporated has exhibited a decreasing trend over the past five years, indicating a stronger financial position with respect to leverage. The ratio decreased from 0.35 in 2022 to 0.25 in 2024. This decrease suggests that the company has been successful in reducing its reliance on debt financing in relation to its total assets. Compared to the extremely low ratios of 0.01 in both 2021 and 2020, the ratios in 2023 and 2024 reflect a more balanced approach to financing through a combination of debt and assets. Overall, the decreasing trend in the debt-to-assets ratio signals an improving financial stability and lower risk of financial distress for RBC Bearings Incorporated.
Peer comparison
Mar 31, 2024