Royal Gold Inc (RGLD)
Debt-to-equity ratio
| 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 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 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 | 164,595 |
| Total stockholders’ equity | US$ in thousands | 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 | 2,190,330 |
| Debt-to-equity ratio | 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 | 0.08 |
September 30, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $0K ÷ $3,038,640K
= 0.00
The debt-to-equity ratio of Royal Gold Inc has exhibited some fluctuations over the past few quarters. As of September 30, 2024, the company reported a debt-to-equity ratio of 0.00, indicating that the company had no debt in relation to its equity. This is a positive sign as it suggests a lower financial risk and a strong equity position relative to debt.
Looking back at the trend, the ratio was consistently low or even 0.00 in some periods, implying that the company has managed its debt levels effectively. However, there was a notable increase in the ratio in recent quarters, reaching a peak of 0.21 as of December 31, 2022. This increase may raise some concerns as it demonstrates a higher reliance on debt financing compared to equity.
Overall, Royal Gold Inc's debt-to-equity ratio pattern indicates a generally conservative approach to debt management, with fluctuations possibly being influenced by specific financing decisions or operational requirements. Monitoring this ratio will be crucial to evaluate the company's financial health and leverage position in the future.