RPM International Inc (RPM)
Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $2,510,880K
= 0.00
Based on the data provided, the debt-to-equity ratio of RPM International Inc has consistently been reported as 0.00 across multiple periods. A debt-to-equity ratio of 0.00 indicates that the company has either zero debt or a very minimal amount of debt in relation to its equity. This suggests that RPM International Inc has been primarily funding its operations and investments through equity rather than borrowing.
A debt-to-equity ratio of 0.00 can signify financial stability and low financial risk for the company, as it indicates a strong equity position compared to debt. However, it is important to note that while a low debt-to-equity ratio can be favorable, it may also mean that the company is not taking advantage of potential leverage that could enhance returns for shareholders.
Overall, RPM International Inc's consistent debt-to-equity ratio of 0.00 implies a conservative capital structure and a sound financial position with little reliance on debt financing.
Peer comparison
May 31, 2024