Gibraltar Industries Inc (ROCK)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 914,998 | 822,099 | 825,258 | 743,805 | 673,964 |
| Debt-to-capital ratio | 0.00 | 0.10 | 0.03 | 0.10 | 0.00 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $0K ÷ ($0K + $914,998K)
= 0.00
The debt-to-capital ratio of Gibraltar Industries Inc. has exhibited fluctuations over the past five years. In 2023, the ratio stood at 0.00, indicating that the company had no debt in relation to its capital during that period. This is a significant improvement compared to the ratio of 0.10 in 2022 and 2020. In 2021, the ratio was at 0.03, displaying a relatively low level of debt in relation to capital. Notably, in 2019, the company also had a debt-to-capital ratio of 0.00, suggesting a similar debt-free position as in 2023.
Overall, the trend in the debt-to-capital ratio of Gibraltar Industries Inc. shows variability, with instances of higher debt levels in 2020 and 2022, while maintaining a debt-free position in 2019 and 2023. This variability indicates potential shifts in the company's capital structure and financial leverage over the years, which would require further analysis to understand the factors driving these changes in the debt-to-capital ratio.
Peer comparison
Dec 31, 2023