RPM International Inc (RPM)
Debt-to-capital ratio
| May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 2,510,880 | 2,140,840 | 1,982,430 | 1,741,060 | 1,262,440 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
May 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $2,510,880K)
= 0.00
The debt-to-capital ratio for RPM International Inc has been consistently reported as 0.00 for the past five years (from May 31, 2020, to May 31, 2024). This indicates that the company has not used any debt to finance its operations during this period, relying solely on equity capital. A debt-to-capital ratio of 0.00 suggests that the company has a conservative capital structure, with no financial leverage in its capital mix. This could imply lower financial risk for the company as it does not have debt obligations to service. However, it is important to note that the absence of debt in the capital structure may limit some financial flexibility and potential tax benefits that come with debt financing.
Peer comparison
May 31, 2024