Rollins Inc (ROL)
Debt-to-assets ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 395,310 | 445,176 | 502,043 | 510,909 | 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 |
| Total assets | US$ in thousands | 2,819,700 | 2,816,200 | 2,766,500 | 2,658,620 | 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 |
| Debt-to-assets ratio | 0.14 | 0.16 | 0.18 | 0.19 | 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 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $395,310K ÷ $2,819,700K
= 0.14
Rollins Inc's debt-to-assets ratio has shown a declining trend over the past few years, indicating improved financial health in terms of leveraging debt to finance operations and investments. The ratio decreased from 0.17 as of March 31, 2020, to 0.14 by the end of December 31, 2024. This reduction suggests that the company has been able to manage its debt levels relative to its total assets more effectively over time. However, it is important to note that there was a slight increase in the ratio from September 30, 2023, to December 31, 2023, and the ratio remained relatively stable around 0.19 in the subsequent quarters. Overall, the decreasing trend in the debt-to-assets ratio reflects positively on Rollins Inc's financial position and its ability to maintain a healthy balance between debt and assets.
Peer comparison
Dec 31, 2024