Royal Gold Inc (RGLD)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 3,038,640 | 2,968,870 | 2,911,050 | 2,888,220 | 2,849,390 | 2,823,560 | 2,782,560 | 2,741,090 | 2,707,580 | 2,684,230 | 2,633,690 | 2,541,850 | 2,490,770 | 2,427,320 | 2,391,640 | 2,350,060 | 2,272,220 | 2,240,240 | 2,216,310 | 2,190,330 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.05 | 0.08 | 0.10 | 0.12 | 0.15 | 0.17 | 0.14 | 0.00 | 0.00 | 0.04 | 0.00 | 0.06 | 0.08 | 0.10 | 0.12 | 0.04 | 0.06 | 0.07 |
September 30, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $0K ÷ ($0K + $3,038,640K)
= 0.00
The debt-to-capital ratio of Royal Gold Inc has shown fluctuations over the past few quarters, indicating variations in the company's capital structure. The ratio was relatively stable at 0.00 or low levels in some quarters, suggesting minimal debt relative to total capital. However, there were periods, such as March 2024, December 2023, and March 2023, where the ratio increased to 0.05, 0.08, and 0.15 respectively, indicating a higher proportion of debt in the company's capital structure. This could imply increased leverage or borrowing during those periods.
It is worth noting that the ratio decreased in subsequent quarters, such as June 2023 and September 2023, before increasing again in the following periods. The company seems to have fluctuated in its approach to debt financing, potentially adjusting its capital structure based on various factors like financing needs, interest rates, and market conditions.
Overall, analyzing the debt-to-capital ratio trend provides insight into Royal Gold Inc's financing decisions and risk exposure. Investors and stakeholders can use this information to assess the company's financial health, risk profile, and capital allocation strategies.