Gibraltar Industries Inc (ROCK)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | 0 | 88,762 | 23,781 | 85,636 |
| Total assets | US$ in thousands | 1,419,410 | 1,256,450 | 1,210,610 | 1,214,900 | 1,212,490 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.07 | 0.02 | 0.07 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,419,410K
= 0.00
The debt-to-assets ratio for Gibraltar Industries Inc has shown fluctuations over the past five years. As of December 31, 2020, the ratio stood at 0.07, indicating that 7% of the company's assets were financed through debt. Subsequently, there was a significant decrease in the ratio to 0.02 by December 31, 2021, suggesting a lower reliance on debt for financing assets.
However, the ratio increased again to 0.07 by December 31, 2022, before experiencing a substantial drop to 0.00 by December 31, 2023 and remaining at 0.00 by December 31, 2024. A debt-to-assets ratio of 0.00 indicates that the company had no debt in relation to its assets during those periods, reflecting a strong financial position with minimal debt obligations.
Overall, the trend in Gibraltar Industries Inc's debt-to-assets ratio demonstrates varying levels of debt utilization over the years, with a notable shift towards lower debt dependency and a potentially more conservative financial approach in recent years.
Peer comparison
Dec 31, 2024