Sturm Ruger & Company Inc (RGR)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 398,817 | 484,763 | 442,343 | 348,258 | 348,961 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $398,817K
= 0.00
The debt-to-assets ratio for Sturm, Ruger & Co., Inc. has consistently been 0.00 over the past five years, which indicates that the company has financed its assets entirely through equity rather than debt. This implies that the company has a strong financial position with low financial risk since it does not rely on borrowed funds to support its operations or expansion. A debt-to-assets ratio of 0.00 suggests that creditors have minimal leverage over the company and that it has a high level of financial stability. This ongoing trend of having no debt in relation to its total assets reflects a conservative financial strategy that prioritizes financial independence and overall stability.
Peer comparison
Dec 31, 2023