Royal Gold Inc (RGLD)
Debt-to-assets ratio
| 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 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 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 | 164,595 |
| Total assets | US$ in thousands | 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 | 2,547,910 |
| Debt-to-assets ratio | 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 | 0.06 |
September 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $0K ÷ $3,301,620K
= 0.00
The debt-to-assets ratio of Royal Gold Inc has displayed fluctuations over the past years. The ratio was consistently at 0.00 or very low until the March 31, 2020, quarter, indicating that the company had minimal or no debt relative to its asset base during this period.
From December 31, 2020, to March 31, 2023, there was a gradual increase in the debt-to-assets ratio, reaching a peak of 0.16 in the December 31, 2022 quarter. This suggests that the company started to utilize debt as a source of financing compared to its assets during this period.
However, there was a decline in the ratio in the following quarters, stabilizing around 0.05 to 0.07 from June 30, 2023, to June 30, 2024. This decrease could indicate various scenarios such as debt repayment, better utilization of assets, or a combination of both.
Overall, the debt-to-assets ratio of Royal Gold Inc has shown variability over the periods analyzed, with a recent trend of maintaining a moderate level of debt relative to its total assets. Investors and stakeholders may find it important to monitor this ratio to assess the company's leverage and financial risk position moving forward.