Rollins Inc (ROL)
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 | 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 stockholders’ equity | US$ in thousands | 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 | 833,109 | 806,897 | 752,264 | 719,124 |
| Debt-to-equity ratio | 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 | 0.33 | 0.39 | 0.45 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $490,776K ÷ $1,155,570K
= 0.42
The debt-to-equity ratio of Rollins, Inc. has experienced fluctuations over the past eight quarters. In Q1 2022, the company had a low debt-to-equity ratio of 0.04, indicating a conservative capital structure with a higher proportion of equity relative to debt. This ratio increased in subsequent quarters, reaching a peak of 0.54 in Q3 2023.
The significant increase in the debt-to-equity ratio from Q1 2023 to Q3 2023 suggests that Rollins, Inc. may have taken on more debt relative to equity during this period, potentially to fund growth initiatives or other strategic investments. It is important to note that a higher debt-to-equity ratio can indicate a higher level of financial risk and leverage for the company.
However, the ratio decreased to 0.42 in Q4 2023, indicating a slight improvement in the company's debt position compared to the previous quarter. Overall, monitoring the trend of the debt-to-equity ratio is essential for evaluating Rollins, Inc.'s capital structure and financial health.
Peer comparison
Dec 31, 2023