Royal Gold Inc (RGLD)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 3,118,960 | 2,888,220 | 2,741,090 | 2,490,770 | 2,272,220 |
| Debt-to-capital ratio | 0.00 | 0.08 | 0.17 | 0.00 | 0.12 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $0K ÷ ($0K + $3,118,960K)
= 0.00
The debt-to-capital ratio of Royal Gold Inc has shown some fluctuations over the years based on the provided data. As of June 30, 2020, the ratio stood at 0.12, indicating that the company's debt represented 12% of its total capital. Subsequently, by June 30, 2021, the ratio dropped significantly to 0.00, suggesting that the company had no debt in relation to its capital at that time.
Following this, the ratio increased to 0.17 as of December 31, 2022, implying that the company's debt made up 17% of its total capital. However, the ratio decreased again to 0.08 by December 31, 2023, indicating a reduction in the proportion of debt relative to capital.
By the end of December 31, 2024, the debt-to-capital ratio returned to 0.00, showing that the company had no debt in relation to its capital at that point. Overall, the trends in the debt-to-capital ratio suggest varying levels of leverage and capital structure management by Royal Gold Inc over the years.