RPM International Inc (RPM)
Debt-to-assets ratio
| May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 6,586,540 | 6,382,400 | 6,537,380 | 6,715,280 | 6,782,000 | 6,609,420 | 6,849,510 | 6,802,990 | 6,707,710 | 6,330,600 | 6,254,900 | 6,166,200 | 6,252,970 | 5,792,380 | 5,790,210 | 5,694,420 | 5,630,950 | 5,565,870 | 5,581,000 | 5,596,420 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 over the past several quarters has consistently been reported as 0.00, indicating that the company has had no debt relative to its total assets during this period. A debt-to-assets ratio of 0.00 suggests that the company has not relied on borrowing to finance its operations or investments. This may indicate a strong financial position, low financial risk, and a conservative approach to managing its capital structure. It is important to note that while a low debt-to-assets ratio can be viewed positively, it's essential to consider the broader context of the company's financial health and overall performance.
Peer comparison
May 31, 2024