Gibraltar Industries Inc (ROCK)
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 | 0 | 88,762 | 23,781 | 85,636 | 0 |
| Total assets | US$ in thousands | 1,256,450 | 1,210,610 | 1,214,900 | 1,212,490 | 984,450 |
| Debt-to-assets ratio | 0.00 | 0.07 | 0.02 | 0.07 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $0K ÷ $1,256,450K
= 0.00
The debt-to-assets ratio of Gibraltar Industries Inc. has varied over the past five years. In 2023 and 2019, the company had a debt-to-assets ratio of 0.00, indicating that the company had no debt relative to its total assets. In 2021, the ratio was 0.02, which suggests that the company had a minimal level of debt compared to its total assets. The ratio increased to 0.07 in 2022 and 2020, indicating that the company had a higher proportion of debt relative to its assets in those years. Overall, the trend in the debt-to-assets ratio fluctuated over the period, with variations in the company's leverage levels.
Peer comparison
Dec 31, 2023