Sturm Ruger & Company Inc (RGR)
Debt-to-capital ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 331,721 | 316,738 | 363,661 | 264,699 | 285,458 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $331,721K)
= 0.00
The debt-to-capital ratio of Sturm, Ruger & Co., Inc. has consistently been 0.00 for the past five years, indicating that the company has not used any debt to finance its operations relative to its total capital structure. This suggests that Sturm, Ruger & Co., Inc. relies predominantly on equity financing to fund its activities, which can be seen as a positive sign of financial stability and lower financial risk. However, it is also important to note that a debt-to-capital ratio of 0.00 may indicate a conservative capital structure, potentially limiting the company's ability to leverage debt for growth or strategic investments. Further analysis of the company's financial statements and business strategy would be necessary to fully assess the implications of this consistent debt-to-capital ratio trend.
Peer comparison
Dec 31, 2023