Rush Enterprises A Inc (RUSHA)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 408,440 | 414,002 | 275,433 | 334,926 | 387,982 |
| Total assets | US$ in thousands | 4,617,550 | 4,364,240 | 3,821,070 | 3,119,980 | 2,985,390 |
| Debt-to-assets ratio | 0.09 | 0.09 | 0.07 | 0.11 | 0.13 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $408,440K ÷ $4,617,550K
= 0.09
The debt-to-assets ratio for Rush Enterprises A Inc has exhibited a downward trend over the past five years, decreasing from 0.13 in December 2020 to 0.09 as of December 31, 2024. This indicates that the company has been successful in managing its debt levels relative to its total assets. A lower debt-to-assets ratio generally signifies lower financial risk and a stronger financial position, as it suggests that the company relies less on debt financing to support its operations and investments. However, it is essential to consider other factors such as industry norms and the company's specific circumstances when evaluating the significance of this ratio.
Peer comparison
Dec 31, 2024