Rush Enterprises A Inc (RUSHA)

Debt-to-assets 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	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	438,413	462,646	457,531	438,794
Total assets	US$ in thousands	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	3,407,330	3,405,250	3,530,700	3,422,030
Debt-to-assets ratio		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	0.13	0.14	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 been relatively stable over the past few quarters, ranging between 0.05 to 0.14. A lower debt-to-assets ratio indicates that the company relies less on debt financing to fund its operations and investments, which can be seen as a positive sign of financial stability.

Rush Enterprises A Inc's debt-to-assets ratio has generally been below 0.10, suggesting that the company's assets are primarily financed by equity rather than debt. This indicates a conservative approach to capital structure management, as lower debt levels can reduce financial risk and increase resilience to economic downturns.

Despite some fluctuations in the ratio over the quarters, the overall trend indicates a prudent level of debt relative to assets. Investors and creditors may view this as a favorable indicator of the company's financial health and ability to meet its obligations without being overly leveraged.