Royal Gold Inc (RGLD)

Debt-to-equity 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-equity ratio 0.00 0.00 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

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 reported periods. As of December 31, 2019, the ratio was 0.06, indicating a relatively low level of debt compared to equity. The ratio decreased to 0.04 by March 31, 2020, reflecting a further decrease in debt relative to equity.

However, there was an increase in the debt-to-equity ratio to 0.13 by June 30, 2020, which suggests higher debt compared to equity. This ratio improved to 0.08 by December 31, 2020, indicating a reduction in the level of debt relative to equity.

Subsequently, the ratio showed fluctuations, reaching its lowest value of 0.00 by March 31, 2021, June 30, 2021, March 31, 2022, and June 30, 2022. A debt-to-equity ratio of 0.00 typically means that the company has no debt or a very insignificant amount compared to equity.

There was a significant increase in the ratio to 0.16 by September 30, 2022, and further to 0.21 by December 31, 2022, which indicates a higher proportion of debt in the company's capital structure. The ratio decreased to 0.05 by March 31, 2024, and reached 0.00 by June 30, 2024 and September 30, 2024, signaling minimal or no debt compared to equity during these periods.

In conclusion, the debt-to-equity ratio of Royal Gold Inc has varied significantly over the reported periods, showing instances of both higher and lower debt levels relative to equity. These fluctuations may reflect changes in the company's capital structure and its ability to manage debt effectively.