Gibraltar Industries Inc (ROCK)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.01 | 0.06 | 0.11 | 0.14 | 0.11 | 0.05 | 0.03 | 0.07 | 0.04 | 0.08 | 0.12 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 for Gibraltar Industries Inc. has shown a decreasing trend over the past eight quarters, starting at 0.11 in Q4 2022 and gradually declining to 0.00 in Q4 2023. This suggests that the company has been reducing its reliance on debt financing relative to equity.
The decrease in the debt-to-equity ratio signals a strengthening financial position, as lower levels of debt compared to equity indicate lower financial risk and a healthier balance sheet.
The significant decrease from 0.11 in Q4 2022 to 0.00 in Q4 2023 may indicate that the company has actively managed its debt levels or perhaps paid off debt during this period.
Overall, based on the decreasing trend in the debt-to-equity ratio, Gibraltar Industries Inc. appears to be effectively managing its capital structure and reducing its financial leverage over time.
Peer comparison
Dec 31, 2023