Republic Services Inc (RSG)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 10,542,300 | 10,331,300 | 10,203,700 | 9,916,500 | 9,686,000 | 9,489,900 | 9,215,400 | 8,984,000 | 8,978,900 | 8,873,300 | 8,778,300 | 8,632,900 | 8,483,900 | 8,370,100 | 8,227,100 | 8,117,200 | 8,118,200 | 7,976,500 | 7,952,900 | 7,919,500 |
| 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 |
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 for Republic Services, Inc. has fluctuated over the past eight quarters, ranging from 1.07 to 1.29. In Q3 2022, the company had a relatively lower debt-to-equity ratio of 1.07, indicating a higher proportion of equity compared to debt in its capital structure. Subsequently, this ratio increased to 1.29 in Q2 2022, signifying a higher level of debt relative to equity.
Since then, the debt-to-equity ratio has shown some volatility, with slight fluctuations in Q4 2022, Q1 2023, and Q2 2023. The ratio peaked at 1.22 in both Q4 2022 and Q4 2023, suggesting a significant level of debt compared to equity at those points in time.
Overall, the trend in the debt-to-equity ratio indicates that Republic Services, Inc. has been managing its capital structure with varying levels of leverage over the quarters. Investors and stakeholders may want to closely monitor this ratio to assess the company's financial risk and its ability to meet its debt obligations in the future.
Peer comparison
Dec 31, 2023