RPM International Inc (RPM)
Debt-to-assets ratio
| May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 6,586,540 | 6,782,000 | 6,707,710 | 6,252,970 | 5,630,950 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
May 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $6,586,540K
= 0.00
The debt-to-assets ratio for RPM International Inc as of May 31 in each of the years from 2020 to 2024 has been consistently at 0.00. This indicates that the company has not utilized any debt to finance its assets during this period. A debt-to-assets ratio of 0.00 generally suggests that the company has a strong financial position with a low reliance on borrowing to fund its operations and investments. While it is beneficial to have a low debt-to-assets ratio as it signifies lower financial risk and greater financial stability, it is important to note that this ratio alone does not provide a complete picture of the company's overall financial health.
Peer comparison
May 31, 2024