Gibraltar Industries Inc (ROCK)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,048,030 | 914,998 | 822,099 | 825,258 | 743,805 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.10 | 0.03 | 0.10 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,048,030K)
= 0.00
Based on the data provided, Gibraltar Industries Inc's debt-to-capital ratio has shown a decreasing trend over the years.
As of December 31, 2020, the ratio was 0.10, indicating that 10% of the company's capital was financed by debt. By December 31, 2021, the ratio decreased significantly to 0.03, suggesting that only 3% of the capital was funded by debt.
Throughout 2022, the ratio increased back to 0.10, aligning with the initial level seen in 2020. However, in the following years, December 31, 2023, and December 31, 2024, the debt-to-capital ratio dropped to 0.00, implying that the company had no debt financing relative to its capital during these periods.
This downward trend in the debt-to-capital ratio can indicate a reduced reliance on debt for funding the company's operations, potentially improving financial stability and reducing financial risk for Gibraltar Industries Inc.
Peer comparison
Dec 31, 2024