Royal Gold Inc (RGLD)
Debt-to-assets ratio
| 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 | 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 | 0 | 146,187 | 245,967 | 320,750 | 395,529 | 496,817 | 571,572 | 446,327 | — | — | 95,403 | — | 146,270 | 195,983 | 270,696 | 300,439 | 100,154 | 129,869 | 164,595 | 214,554 |
| Total assets | US$ in thousands | 3,269,020 | 3,313,310 | 3,361,060 | 3,397,160 | 3,439,710 | 3,491,030 | 3,534,520 | 3,376,790 | 2,853,050 | 2,789,850 | 2,805,680 | 2,651,600 | 2,753,530 | 2,763,730 | 2,797,190 | 2,766,290 | 2,549,860 | 2,554,640 | 2,547,910 | 2,544,150 |
| Debt-to-assets ratio | 0.00 | 0.04 | 0.07 | 0.09 | 0.11 | 0.14 | 0.16 | 0.13 | 0.00 | 0.00 | 0.03 | 0.00 | 0.05 | 0.07 | 0.10 | 0.11 | 0.04 | 0.05 | 0.06 | 0.08 |
June 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $0K ÷ $3,269,020K
= 0.00
The debt-to-assets ratio of Royal Gold Inc has shown fluctuations over the historical period analyzed. The ratio started at 0.08 in December 2019, increased to 0.11 by June 2020, and then slightly decreased to 0.07 by March 2021. From there, the ratio experienced an upward trend, reaching its peak at 0.16 in December 2022 before dropping to 0.00 in June 2023.
Subsequently, there was a significant increase in the ratio to 0.11 by September 2023, indicating a higher level of debt relative to total assets. However, the ratio decreased to 0.04 in March 2024 and further decreased to 0.00 by June 2024, suggesting a lower reliance on debt financing compared to previous periods.
Overall, the debt-to-assets ratio of Royal Gold Inc has demonstrated variability, with periods of both increases and decreases. Investors and stakeholders may want to monitor the company's future financial performance to assess its debt management strategy and overall financial health.