Royal Gold Inc (RGLD)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 3,392,130 | 3,301,620 | 3,269,020 | 3,313,310 | 3,361,060 | 3,397,160 | 3,439,710 | 3,491,030 | 3,534,520 | 3,376,790 | 2,853,050 | 2,789,850 | 2,805,680 | 2,651,600 | 2,753,530 | 2,763,730 | 2,797,190 | 2,766,290 | 2,549,860 | 2,554,640 |
| 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 |
| Financial leverage ratio | 1.09 | 1.09 | 1.10 | 1.14 | 1.16 | 1.19 | 1.22 | 1.25 | 1.29 | 1.25 | 1.06 | 1.06 | 1.10 | 1.06 | 1.13 | 1.16 | 1.19 | 1.22 | 1.14 | 1.15 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $3,392,130K ÷ $3,118,960K
= 1.09
The financial leverage ratio of Royal Gold Inc has shown some fluctuations over the period from December 31, 2019, to December 31, 2024. The ratio was relatively stable around 1.15 to 1.16 from the end of 2019 to the beginning of 2021. However, there was a declining trend from June 30, 2021, to March 31, 2022, reaching a low of 1.06. Subsequently, there was an uptick in the financial leverage ratio reaching 1.29 by the end of December 31, 2022.
From the beginning of 2023 to the end of 2024, the ratio fluctuated around 1.10 to 1.09, displaying a slightly decreasing trend. Overall, Royal Gold Inc's financial leverage ratio indicates the extent to which the company relies on debt to finance its operations, with the ratio hovering around 1.10 to 1.20 during the period under consideration. It is essential for stakeholders to monitor these fluctuations to assess the company's capital structure and risk levels.