Rush Enterprises A Inc (RUSHA)

Debt-to-assets ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Long-term debt	US$ in thousands	414,002	275,433	334,926	387,982	438,413
Total assets	US$ in thousands	4,364,240	3,821,070	3,119,980	2,985,390	3,407,330
Debt-to-assets ratio		0.09	0.07	0.11	0.13	0.13

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $414,002K ÷ $4,364,240K
= 0.09

The debt-to-assets ratio of Rush Enterprises A Inc has fluctuated over the past five years. In 2023, the ratio stands at 0.09, indicating that only 9% of the company's total assets are financed by debt. This represents a slight increase from 2022 when the ratio was 0.07. In 2021, the ratio was higher at 0.11, suggesting that 11% of the company's assets were funded by debt. The ratio was at 0.13 in both 2020 and 2019, indicating that around 13% of assets were financed by debt in those years.

Overall, the trend in Rush Enterprises A Inc's debt-to-assets ratio shows a relatively conservative approach to debt financing, with a lower reliance on borrowing to fund its operations and investments. The fluctuation in the ratio over the years could be due to variations in the company's capital structure and borrowing activities in response to market conditions and strategic decisions. Further analysis of the company's financial performance and management of debt obligations would provide additional insights into the sustainability of its capital structure.