Gibraltar Industries Inc (ROCK)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 914,998 | 889,849 | 850,310 | 835,387 | 822,099 | 843,491 | 817,278 | 838,402 | 825,258 | 814,684 | 787,608 | 758,408 | 743,805 | 746,075 | 709,764 | 677,357 | 673,964 | 657,213 | 629,547 | 605,833 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.01 | 0.06 | 0.10 | 0.13 | 0.10 | 0.05 | 0.03 | 0.07 | 0.04 | 0.07 | 0.10 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 fluctuated over the past eight quarters. The ratio was 0.00 in both Q4 and Q3 of 2023, indicating the company had no debt relative to its capital during these periods. In Q2 of 2023, the ratio slightly increased to 0.01, suggesting a minimal amount of debt in comparison to its capital.
The trend reversed in the preceding quarters, with the debt-to-capital ratio rising significantly to 0.06 in Q1 of 2023, followed by further increases to 0.10 in Q4 of 2022, and peaking at 0.13 in Q3 of 2022. These higher ratios indicate a larger proportion of debt in relation to the company's capital during these periods.
However, the ratio decreased in Q1 and Q2 of 2022 to 0.05 and 0.10, respectively, indicating a reduction in debt relative to capital compared to the previous quarters. Overall, the varying debt-to-capital ratios suggest fluctuations in the company's capital structure and debt levels over the analyzed period.
Peer comparison
Dec 31, 2023