Republic Services Inc (RSG)
Debt-to-capital ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 10,542,300 | 9,686,000 | 8,978,900 | 8,483,900 | 8,118,200 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $10,542,300K)
= 0.00
The debt-to-capital ratio for Republic Services, Inc. has remained relatively stable over the past five years, ranging from 0.51 to 0.55. This ratio indicates the proportion of the company's capital structure that is funded by debt, with a higher ratio suggesting a higher reliance on debt financing.
Since the ratio has been consistently above 0.50, it indicates that Republic Services, Inc. has been using a significant amount of debt to finance its operations and investments. This level of debt could potentially increase the company's financial risk and interest burden, although it may also provide tax benefits and leverage opportunities for growth.
Overall, the stability of the debt-to-capital ratio suggests that Republic Services, Inc. has maintained a balanced approach to capital structure management, ensuring a mix of debt and equity financing that aligns with the company's strategic objectives and risk tolerance.
Peer comparison
Dec 31, 2023