Republic Services Inc (RSG)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $10,542,300K
= 0.00
The debt-to-equity ratio of Republic Services, Inc. has shown a gradual upward trend over the past five years, increasing from 1.07 in 2019 to 1.22 in both 2022 and 2023. This indicates that the company has been relying more on debt financing compared to equity financing in recent years. The ratio exceeding 1 suggests that the company has more debt relative to shareholders' equity, which may indicate higher financial risk and leverage. However, it is essential to consider the industry norms and the company's overall financial health before drawing any definitive conclusions about its debt structure.
Peer comparison
Dec 31, 2023