Rush Enterprises A Inc (RUSHA)

Debt-to-assets ratio

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Long-term debt US$ in thousands 408,440 399,674 396,562 524,450 414,002 202,824 245,277 262,467 275,433 307,065 401,760 338,426 334,926 309,014 332,165 369,587 387,982 385,408 408,580 426,727
Total assets US$ in thousands 4,617,550 4,648,470 4,506,530 4,629,010 4,364,240 4,218,050 4,126,320 3,969,550 3,821,070 3,742,580 3,669,370 3,321,550 3,119,980 2,777,330 2,912,120 3,008,420 2,985,390 3,010,690 3,064,600 3,242,660
Debt-to-assets ratio 0.09 0.09 0.09 0.11 0.09 0.05 0.06 0.07 0.07 0.08 0.11 0.10 0.11 0.11 0.11 0.12 0.13 0.13 0.13 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 of Rush Enterprises A Inc has shown a gradual decline from 0.13 as of March 31, 2020, to 0.09 as of December 31, 2024. This ratio indicates that the company's debt relative to its total assets has decreased over the analyzed period. Lower debt-to-assets ratios typically suggest that the company has lower financial leverage and is less reliant on debt financing to support its operations. The decreasing trend in this ratio may indicate improved financial health and reduced risk of financial distress for Rush Enterprises A Inc. It is important for investors and stakeholders to continue monitoring this ratio to assess the company's capital structure and financial stability.