Royal Gold Inc (RGLD)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 0 | 245,967 | 571,572 | — | 300,439 |
| Total assets | US$ in thousands | 3,392,130 | 3,361,060 | 3,534,520 | 2,651,600 | 2,766,290 |
| Debt-to-assets ratio | 0.00 | 0.07 | 0.16 | 0.00 | 0.11 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $0K ÷ $3,392,130K
= 0.00
The debt-to-assets ratio of Royal Gold Inc has exhibited fluctuations over the past five periods. As of June 30, 2020, the ratio stood at 0.11, indicating that 11% of the company's assets were financed by debt. Subsequently, by June 30, 2021, the ratio decreased to 0.00, suggesting that the company had no debt relative to its assets.
However, by December 31, 2022, the ratio increased to 0.16, reflecting a higher proportion of debt in relation to assets. This was followed by a decline to 0.07 by December 31, 2023, indicating a reduction in the debt-to-assets ratio compared to the prior period.
Finally, as of December 31, 2024, the debt-to-assets ratio reverted to 0.00, implying that the company once again had no debt financing relative to its total assets. Overall, the company's debt-to-assets ratio has shown variability in recent years, with periods of both higher and lower leverage.