Royal Gold Inc (RGLD)
Debt-to-equity 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-equity ratio | 0.00 | 0.09 | 0.21 | 0.00 | 0.13 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $0K ÷ $3,118,960K
= 0.00
The debt-to-equity ratio of Royal Gold Inc has shown fluctuations over the years. As of June 30, 2020, the company had a debt-to-equity ratio of 0.13, indicating a moderate level of debt in relation to equity. However, by June 30, 2021, the ratio dropped significantly to 0.00, suggesting that the company had either reduced its debt or increased its equity significantly.
Subsequently, the ratio increased to 0.21 as of December 31, 2022, signaling a higher reliance on debt in the company's capital structure. This was followed by a decrease to 0.09 by December 31, 2023, indicating a more balanced mix of debt and equity financing.
Finally, as of December 31, 2024, the debt-to-equity ratio once again stood at 0.00, possibly implying that the company had managed to eliminate its debt or substantially bolster its equity base.
Overall, the trend in Royal Gold Inc's debt-to-equity ratio reflects a variable approach to capital structure management, with periods of low debt levels alternating with instances of higher debt utilization.