Gibraltar Industries Inc (ROCK)
Debt-to-assets ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | 0 | 0 | 9,790 | 49,876 | 88,762 | 121,840 | 93,454 | 42,367 | 23,781 | 59,695 | 32,309 | 58,023 | 85,636 | — | — | — |
| Total assets | US$ in thousands | 1,419,410 | 1,424,590 | 1,376,940 | 1,319,860 | 1,256,450 | 1,288,050 | 1,238,580 | 1,208,490 | 1,210,610 | 1,326,260 | 1,295,410 | 1,242,340 | 1,214,900 | 1,232,220 | 1,186,130 | 1,155,190 | 1,212,490 | 1,101,850 | 1,035,500 | 984,522 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.04 | 0.07 | 0.09 | 0.07 | 0.03 | 0.02 | 0.05 | 0.03 | 0.05 | 0.07 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,419,410K
= 0.00
The debt-to-assets ratio of Gibraltar Industries Inc has shown stability and a generally low level of debt relative to its total assets over the past few years. As of December 31, 2024, the ratio was at 0.00, indicating that the company has no debt compared to its total assets. The trend in the ratio has fluctuated slightly over time, with slight increases and decreases, but has mainly stayed at very low levels, demonstrating a conservative approach to leveraging debt.
Overall, a low debt-to-assets ratio suggests that Gibraltar Industries Inc has a solid financial position with minimal reliance on debt to finance its operations and investments. This could imply lower financial risk and greater financial stability for the company, as it indicates that a larger portion of its assets are financed through equity rather than debt.
Peer comparison
Dec 31, 2024