Republic Services Inc (RSG)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 31,410,100 | 29,052,900 | 24,955,000 | 23,434,000 | 22,683,800 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $31,410,100K
= 0.00
The debt-to-assets ratio of Republic Services, Inc. has remained relatively stable over the past five years, ranging between 0.38 and 0.41. This indicates that the company has on average financed 38% to 41% of its assets through debt during this period.
A ratio of 0.41 as of December 31, 2023, suggests that for every dollar of assets, the company has 41 cents of debt. This implies that a significant portion of Republic Services' assets are financed through debt, which could potentially increase the company's financial risk and liquidity concerns.
However, the consistency in the ratio indicates that the company has maintained its debt levels in proportion to its assets over the years, potentially managing its debt load effectively. It is essential to monitor this ratio over time to ensure that Republic Services, Inc. maintains a healthy balance between debt and assets to support its financial stability and growth objectives.
Peer comparison
Dec 31, 2023