Royal Gold Inc (RGLD)

Solvency ratios

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
Debt-to-assets ratio 0.00 0.04 0.07 0.09 0.11 0.14 0.16 0.13 0.00 0.00 0.03 0.00 0.05 0.07 0.10 0.11 0.04 0.05 0.06 0.08
Debt-to-capital ratio 0.00 0.05 0.08 0.10 0.12 0.15 0.17 0.14 0.00 0.00 0.04 0.00 0.06 0.08 0.10 0.12 0.04 0.06 0.07 0.09
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
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

Based on the solvency ratios of Royal Gold Inc over the past several quarters, we can observe the following trends:

1. Debt-to-assets ratio: The company has maintained a consistently low debt-to-assets ratio, ranging from 0.00 to 0.16 over the analyzed period. This indicates that Royal Gold Inc has a strong ability to cover its debts with its assets.

2. Debt-to-capital ratio: The debt-to-capital ratio has also remained relatively low, fluctuating between 0.00 and 0.17. This suggests that the company has a solid capital structure with a relatively small portion funded by debt.

3. Debt-to-equity ratio: The debt-to-equity ratio has followed a similar pattern to the debt-to-capital ratio, staying within the range of 0.00 to 0.21. This indicates that Royal Gold Inc relies more on equity financing compared to debt, which can be seen as a positive sign for its solvency.

4. Financial leverage ratio: The financial leverage ratio has stayed relatively stable, between 1.06 and 1.29. This suggests that the company's assets are financed through a combination of equity and debt, with the majority being equity-based.

Overall, based on these solvency ratios, Royal Gold Inc appears to have a strong financial position and a healthy balance between debt and equity financing, which should help support its operations and growth in the long term.

Coverage ratios

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
Interest coverage 24.30 13.49 9.82 9.60 9.03 11.36 16.52 22.87 60.17 56.32 49.88 52.60 37.27 33.77 28.62 20.27 9.06 9.18 8.40 7.87

The interest coverage ratio indicates the ability of Royal Gold Inc to meet its interest payments on outstanding debt. A higher interest coverage ratio suggests a stronger ability to cover interest expenses from operating profits.

Royal Gold Inc's interest coverage ratio has fluctuated over the periods provided, ranging from a low of 7.87 to a high of 60.17. Generally, the interest coverage ratio has remained above 1, indicating that the company is capable of meeting its interest obligations.

In recent quarters, the interest coverage ratio has shown some variability, with a significant increase in the ratio in the September 2022 and December 2022 periods before declining in subsequent quarters. The ratio peaked at 60.17 in September 2022, suggesting a strong ability to cover interest expenses at that time.

The overall trend of the interest coverage ratio for Royal Gold Inc reflects fluctuations, but the company has generally maintained a healthy level of coverage to meet its interest payments. It would be important to closely monitor future trends in the interest coverage ratio to ensure Royal Gold Inc's ongoing ability to manage its debt obligations.