Gibraltar Industries Inc (ROCK)
Debt-to-equity 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-equity ratio | 0.00 | 0.11 | 0.03 | 0.12 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $0K ÷ $914,998K
= 0.00
The debt-to-equity ratio of Gibraltar Industries Inc. has fluctuated over the past five years. In 2023, the company had no debt relative to its equity, indicating a conservative capital structure with no financial leverage. This is a significant improvement from the previous year, where the ratio was 0.11, suggesting a higher level of debt as compared to equity.
In 2021, the debt-to-equity ratio was 0.03, showcasing a very low level of debt in relation to equity. This ratio increased slightly in 2020 to 0.12, implying a higher proportion of debt relative to equity, which may indicate increased financial risk for the company.
Notably, in 2019, the company also had no debt compared to equity, signifying a similar conservative capital structure as observed in 2023. Overall, the trend in the debt-to-equity ratio of Gibraltar Industries Inc. indicates variations in the company's leverage levels over the years, with 2023 demonstrating a particularly strong position with minimal debt.
Peer comparison
Dec 31, 2023