Rollins Inc (ROL)
Debt-to-assets 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 | 490,776 | 596,642 | 337,509 | 62,432 | 39,898 | 109,878 | 219,858 | 280,783 | 136,250 | 49,250 | 69,250 | 96,250 | 185,812 | 154,375 | 242,500 | 307,300 | 279,000 | 313,500 | 335,375 | — |
| Total assets | US$ in thousands | 2,595,460 | 2,639,960 | 2,599,330 | 2,138,890 | 2,122,030 | 2,112,480 | 2,167,480 | 2,131,140 | 2,021,540 | 1,904,810 | 1,921,690 | 1,876,880 | 1,845,900 | 1,806,070 | 1,836,380 | 1,771,480 | 1,744,380 | 1,764,790 | 1,729,780 | 1,272,070 |
| Debt-to-assets ratio | 0.19 | 0.23 | 0.13 | 0.03 | 0.02 | 0.05 | 0.10 | 0.13 | 0.07 | 0.03 | 0.04 | 0.05 | 0.10 | 0.09 | 0.13 | 0.17 | 0.16 | 0.18 | 0.19 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $490,776K ÷ $2,595,460K
= 0.19
The debt-to-assets ratio for Rollins, Inc. has fluctuated over the past eight quarters, ranging from 0.03 to 0.23. A higher ratio indicates a higher level of debt relative to the company's total assets. In Q4 2023, the ratio stood at 0.19, signifying that 19% of the company's assets were financed by debt. This was a decrease from the previous quarter, Q3 2023, where the ratio was 0.23, indicating an increase in the proportion of assets funded by debt.
Looking back further, in Q1 2023, the ratio was 0.03, significantly lower than Q4 2023. This suggests that Rollins, Inc. had a lower debt burden relative to its assets at that time. However, the Q2 and Q3 2022 ratios of 0.11 and 0.06, respectively, show a slight increase in the company's reliance on debt to finance its assets during that period.
The trend in the debt-to-assets ratio for Rollins, Inc. indicates some variability in the company's financial leverage over time. Investors and analysts may want to monitor this ratio closely to assess the company's ability to manage its debt levels and evaluate the associated risks.
Peer comparison
Dec 31, 2023