Royal Gold Inc (RGLD)
Debt-to-assets ratio
| 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 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 0 | 0 | 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 |
| Total assets | US$ in thousands | 3,392,130 | 3,301,620 | 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 |
| Debt-to-assets ratio | 0.00 | 0.00 | 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 |
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 fluctuated over the analyzed period. Initially, from December 2019 through September 2021, the company maintained a relatively low debt-to-assets ratio, indicating a conservative capital structure with low reliance on debt financing. However, there was a notable increase in the ratio in the subsequent quarters, peaking at 0.16 by December 2022.
The data then shows a decline in the debt-to-assets ratio for the next four quarters, reaching a low of 0.00 by June 2024. This suggests that Royal Gold Inc has significantly reduced its debt levels or increased its asset base during this period.
Overall, the trend in the debt-to-assets ratio for Royal Gold Inc reflects a company that has been managing its debt obligations effectively, with a recent shift towards lower debt levels or higher asset values. This may indicate improved financial stability and reduced financial risk for the company.