Rollins Inc (ROL)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 1,330,590 | 1,317,780 | 1,236,060 | 1,167,500 | 1,155,570 | 1,102,840 | 1,342,220 | 1,287,750 | 1,267,200 | 1,229,680 | 1,177,380 | 1,138,020 | 1,111,220 | 1,101,630 | 1,050,680 | 988,935 | 964,651 | 932,716 | 862,830 | 800,371 |
| Debt-to-equity ratio | 0.30 | 0.34 | 0.41 | 0.44 | 0.42 | 0.54 | 0.25 | 0.05 | 0.03 | 0.09 | 0.19 | 0.25 | 0.12 | 0.04 | 0.07 | 0.10 | 0.19 | 0.17 | 0.28 | 0.38 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $395,310K ÷ $1,330,590K
= 0.30
Rollins Inc's debt-to-equity ratio has exhibited a decreasing trend from March 2020 to March 2023, indicating a reduction in the company's reliance on debt to finance its operations and investments. The ratio decreased from 0.38 in March 2020 to as low as 0.04 in September 2021, suggesting a stronger equity base relative to its debt obligations during this period.
However, the debt-to-equity ratio began to increase again in March 2022 and rose steadily through September 2024, reaching 0.34 by September 2024. This uptrend suggests that Rollins Inc may have increased its borrowing relative to equity in order to fund growth opportunities or address financial needs.
Overall, the fluctuation in Rollins Inc's debt-to-equity ratio indicates varying levels of leverage over the analyzed period, with a shift towards higher leverage in recent quarters. The company's management of its debt levels will be important to monitor going forward to ensure a healthy balance between debt and equity financing.
Peer comparison
Dec 31, 2024