Simpson Manufacturing Company Inc (SSD)
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 | 388,125 | 410,625 | 433,125 | 0 | 0 |
| Total assets | US$ in thousands | 2,736,170 | 2,704,720 | 2,503,970 | 1,484,120 | 1,232,570 |
| Debt-to-assets ratio | 0.14 | 0.15 | 0.17 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $388,125K ÷ $2,736,170K
= 0.14
The debt-to-assets ratio for Simpson Manufacturing Company Inc has shown a consistent trend of being relatively low over the years, with values ranging from 0.00 to 0.17. This indicates that the company has maintained a conservative approach towards financing its operations through debt. In 2020 and 2021, the ratio was at 0.00, suggesting that the company had no debt relative to its assets during those years. As of December 31, 2022, there was a slight increase to 0.17, which implies that 17% of the company's assets were financed through debt. However, in the following years, the ratio decreased to 0.15 in 2023 and 0.14 in 2024, indicating a slight reduction in the proportion of debt used to finance assets. Overall, the trend in the debt-to-assets ratio suggests that Simpson Manufacturing Company Inc has been managing its debt levels prudently and has maintained a strong financial position with a relatively low reliance on debt financing.
Peer comparison
Dec 31, 2024