Republic Services Inc (RSG)
Debt-to-assets ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 31,410,100 | 30,042,800 | 29,823,300 | 29,081,400 | 29,052,900 | 28,401,000 | 28,212,700 | 24,880,100 | 24,955,000 | 24,428,900 | 23,922,100 | 23,252,100 | 23,434,000 | 23,110,100 | 22,826,300 | 22,908,900 | 22,683,800 | 22,329,100 | 21,996,800 | 21,782,000 |
| Debt-to-assets 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 |
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 shown relatively stable patterns over the past eight quarters, hovering around the range of 0.39 to 0.42. This indicates that the company has maintained a consistent level of debt in relation to its total assets during this period.
Having a debt-to-assets ratio around 0.40 suggests that approximately 40% of Republic Services, Inc.'s assets are funded by debt, while the remaining 60% is financed by equity. This indicates that the company relies moderately on debt to finance its operations and investments, striking a balance between leveraging debt and maintaining a healthy equity base.
Overall, the stability of the debt-to-assets ratio reflects a cautious approach to managing its debt levels, maintaining a prudent financial position and ensuring a manageable level of financial risk. This consistent ratio over the quarters suggests that Republic Services, Inc. has been maintaining a balanced capital structure, which may provide stability and resilience in varying market conditions.
Peer comparison
Dec 31, 2023