RPM International Inc (RPM)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 2,510,880 | 2,346,810 | 2,360,550 | 2,281,140 | 2,140,840 | 2,053,160 | 2,090,460 | 1,996,060 | 1,982,430 | 1,835,050 | 1,836,110 | 1,788,580 | 1,741,060 | 1,547,480 | 1,547,740 | 1,449,590 | 1,262,440 | 1,350,510 | 1,400,690 | 1,343,390 |
| Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $2,510,880K)
= 0.00
RPM International Inc has consistently reported a debt-to-capital ratio of 0.00 across various reporting periods spanning from November 2019 to May 2024. A debt-to-capital ratio of 0.00 indicates that the company has not utilized any debt to finance its operations and growth, relying solely on equity capital. This suggests that RPM International Inc has a conservative financial structure with no significant debt obligations relative to its total capital. Investors and creditors may view this favorably as lower debt levels typically signify lower financial risk and greater financial stability. The company's ability to maintain a low debt-to-capital ratio may be seen as a positive indicator of its financial health and prudent financial management.
Peer comparison
May 31, 2024