Royal Gold Inc (RGLD)

Financial leverage 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
Total assets	US$ in thousands	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	2,547,910	2,544,150
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
Financial leverage ratio		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	1.16	1.19

June 30, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $3,269,020K ÷ $2,968,870K
= 1.10

The financial leverage ratio of Royal Gold Inc has shown some fluctuations over the past few quarters. The ratio has generally ranged between 1.06 and 1.29 during the period from December 2019 to June 2024.

The trend indicates that the company's level of financial leverage has increased in recent quarters, reaching a peak of 1.29 in December 2023 before slightly decreasing to 1.06 in March 2022. This suggests that Royal Gold Inc has been relying more on debt to finance its operations and investments.

It is important for investors and stakeholders to monitor changes in the financial leverage ratio, as higher leverage can increase financial risk and affect the company's ability to meet its debt obligations. An increasing trend in the financial leverage ratio may indicate that the company is becoming more leveraged and potentially facing higher financial risk.