Sturm Ruger & Company Inc (RGR)
Debt-to-assets ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | 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 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 398,817 | 400,350 | 396,898 | 389,097 | 484,763 | 460,902 | 443,732 | 446,478 | 442,343 | 420,061 | 398,876 | 364,129 | 348,258 | 310,568 | 389,856 | 362,399 | 348,961 | 328,507 | 320,917 | 331,711 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 for the past eight quarters, indicating that the company carries no debt on its balance sheet relative to its total assets. This suggests that the company has been financing its operations without relying on debt financing during this period. A debt-to-assets ratio of 0.00 is generally considered favorable as it indicates a low financial risk and a strong financial position with minimal leverage. However, it is important to note that while a low debt-to-assets ratio may suggest financial stability, it also means the company may not be taking advantage of potential leverage to potentially increase returns for its shareholders.
Peer comparison
Dec 31, 2023