Gibraltar Industries Inc (ROCK)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.11 | 0.03 | 0.12 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,048,030K
= 0.00
Gibraltar Industries Inc's debt-to-equity ratio has shown a declining trend over the years, decreasing from 0.12 in December 31, 2020 to 0.00 in both December 31, 2023 and December 31, 2024. This indicates that the company has been steadily reducing its debt relative to its equity, which can be seen as a positive indicator of its financial health and stability. The low or zero debt-to-equity ratio suggests that the company has a conservative capital structure, relying more on equity financing rather than debt to fund its operations and investments. This could potentially reduce the financial risk for the company and make it less vulnerable to economic downturns or interest rate fluctuations. Overall, the trend in Gibraltar Industries Inc's debt-to-equity ratio implies a prudent financial management strategy.
Peer comparison
Dec 31, 2024