RBC Bearings Incorporated (RBC)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,188,100 | 1,262,800 | 1,321,900 | 1,343,300 | 1,393,500 | 1,462,530 | 1,520,600 | 1,563,800 | 1,686,800 | 1,726,730 | 7,105 | 10,249 | 13,495 | 14,366 | 13,758 | 16,635 | 16,583 | 16,160 | 25,003 | 26,267 |
| Total assets | US$ in thousands | 4,678,600 | 4,694,200 | 4,691,700 | 4,697,400 | 4,690,400 | 4,692,880 | 4,727,060 | 4,758,020 | 4,845,400 | 4,875,050 | 2,567,800 | 1,490,600 | 1,434,260 | 1,408,980 | 1,367,880 | 1,349,210 | 1,321,910 | 1,272,520 | 1,246,560 | 1,191,930 |
| Debt-to-assets ratio | 0.25 | 0.27 | 0.28 | 0.29 | 0.30 | 0.31 | 0.32 | 0.33 | 0.35 | 0.35 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 |
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 general increasing trend over the past few quarters, starting at 0.25 on March 31, 2024, and rising to 0.35 by March 31, 2022. This indicates that the company's reliance on debt to finance its operations relative to its total assets has been gradually increasing.
However, it is worth noting that there were significant fluctuations in the debt-to-assets ratio during the second half of 2021, where the ratio dropped to very low levels of 0.00 to 0.02 before starting to rise again. These anomalous values might be due to specific events or changes in the company's financial structure during that period.
Overall, a higher debt-to-assets ratio suggests a higher proportion of the company's assets are funded by debt, which can indicate higher financial risk. It is important for investors and analysts to monitor this ratio closely to assess the company's leverage and financial stability over time.
Peer comparison
Mar 31, 2024