Royal Gold Inc (RGLD)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	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	2,136,680
Debt-to-capital ratio		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	0.09

June 30, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $0K ÷ ($0K + $2,968,870K)
= 0.00

The debt-to-capital ratio of Royal Gold Inc has fluctuated over the periods presented. Initially, the company had a debt-to-capital ratio of 0.00, indicating no debt in relation to its capital structure. Subsequently, there was a gradual increase in the ratio, reaching a peak of 0.17 in Dec 31, 2022. However, this was followed by a decline in the ratio in the following quarters.

Overall, the debt-to-capital ratio seems to have varied between 0.00 and 0.17 during the periods analyzed, with some quarters showing no debt while others indicating a moderate level of debt in relation to the company's capital. It is important to continue monitoring this ratio to assess the company's leverage and financial risk over time.