Royal Gold Inc (RGLD)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 3,118,960 | 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 |
| Debt-to-capital ratio | 0.00 | 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 |
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 past few years. As of December 31, 2019, the ratio stood at 0.06, indicating that the company had a low level of debt relative to its capital. The ratio decreased to 0.04 by March 31, 2020, before increasing to 0.12 by June 30, 2020. Throughout the rest of 2020 and into early 2021, the ratio gradually decreased back to lower levels, reaching 0.00 by June 30, 2021.
From September 30, 2021, the debt-to-capital ratio started to increase again, reaching 0.17 by December 31, 2022, the highest level in the provided data. Subsequently, the ratio decreased slightly by March 31, 2023, and continued to fluctuate around the 0.10 to 0.15 range through December 31, 2023. By June 30, 2024, the ratio had decreased to 0.00 again, indicating that the company had no debt relative to its capital.
Overall, the debt-to-capital ratio of Royal Gold Inc has shown a mix of trends, with periods of increasing leverage followed by declines or periods of minimal debt relative to capital. It is important to monitor this ratio over time to assess the company's capital structure and financial risk.