Gibraltar Industries Inc (ROCK)
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 | 0 | 0 | 9,790 | 49,876 | 88,762 | 121,840 | 93,454 | 42,367 | 23,781 | 59,695 | 32,309 | 58,023 | 85,636 | — | — | — | 0 | 0 | 0 | 1,600 |
| Total assets | US$ in thousands | 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 | 984,450 | 984,818 | 906,858 | 866,258 |
| Debt-to-assets ratio | 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 | 0.00 | 0.00 | 0.00 | 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 for Gibraltar Industries Inc. has been fluctuating over the past eight quarters. At the end of Q1 2022, the ratio was at 0.03, indicating that the company had $0.03 in debt for every $1 in assets. Subsequently, there was an increase in the ratio in Q2 2022 and Q3 2022, reaching 0.07 and 0.09, respectively.
However, the trend reversed in the following quarters, with the ratio declining in Q4 2022 and further in Q1 2023, hitting a low of 0.00. The ratio remained at 0.00 in Q2 and Q3 2023, suggesting that the company had no debt relative to its assets during those periods.
Overall, the decreasing trend in the debt-to-assets ratio from Q2 2022 to Q1 2023 indicates that Gibraltar Industries Inc. has been successfully managing its debt levels in relation to its asset base. This could signify a strengthening financial position and reduced financial risk for the company.
Peer comparison
Dec 31, 2023