Royal Gold Inc (RGLD)

Debt-to-equity 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-equity ratio 0.00 0.05 0.09 0.11 0.14 0.18 0.21 0.16 0.00 0.00 0.04 0.00 0.06 0.08 0.12 0.13 0.04 0.06 0.08 0.10

June 30, 2024 calculation

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

The debt-to-equity ratio of Royal Gold Inc has fluctuated over the past few quarters. The ratio was stable at 0.00 in Jun 2024, indicating that the company had no debt relative to its equity. It then increased slightly to 0.05 in Mar 2024 before rising further to 0.09 in Dec 2023. The ratio continued to trend upwards, reaching 0.11 in Sep 2023 and 0.14 in Jun 2023.

There was a significant increase in the debt-to-equity ratio to 0.18 in Mar 2023 and further to 0.21 in Dec 2022. This indicated a higher level of debt in relation to equity during that period. However, the ratio decreased to 0.16 in Sep 2022, reflecting a reduction in debt relative to equity.

In earlier periods, the debt-to-equity ratio was at 0.00 or very low, suggesting minimal or no debt compared to equity. There were occasional spikes in the ratio, such as the ratios of 0.12 in Dec 2020 and 0.13 in Sep 2020, indicating temporary increases in debt levels relative to equity.

Overall, the trend in Royal Gold Inc's debt-to-equity ratio shows some variability, with periods of higher and lower debt levels compared to equity. It is important to monitor these fluctuations to assess the company's leverage and financial risk.