RPM International Inc (RPM)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
May 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $2,510,880K
= 0.00
The debt-to-equity ratio for RPM International Inc has consistently been 0.00 for the past five years, from May 31, 2020, to May 31, 2024. This indicates that the company has not had any debt during this period, and its financing has been primarily through equity. A debt-to-equity ratio of 0.00 suggests a conservative capital structure, with a lower risk of financial distress due to a lack of debt obligations. However, it is essential to note that a low or zero debt-to-equity ratio may also imply missed opportunities for leveraging debt for potential growth or tax benefits. Further analysis of the company's financial policies and future strategic plans would be necessary to assess the reasons behind the consistent zero debt-to-equity ratio over the years.
Peer comparison
May 31, 2024