Trex Company Inc (TREX)
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 | — | — | — | — | — |
| Total assets | US$ in thousands | 1,324,300 | 932,885 | 933,705 | 920,321 | 770,492 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,324,300K
= 0.00
The debt-to-assets ratio of Trex Company Inc appears to have consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not incurred any debt relative to its total assets during this period. A debt-to-assets ratio of 0.00 typically implies that the company is financing its operations and capital expenditures predominantly through equity rather than debt financing. From a financial perspective, a low or zero debt-to-assets ratio may suggest that the company has a low risk of bankruptcy due to lower financial leverage. Additionally, it may indicate the company's ability to efficiently manage its financial structure, maintain financial stability, and potentially access financing at favorable terms. Nonetheless, further analysis of the company's capital structure and overall financial health would provide a more comprehensive understanding of its financial position and performance.
Peer comparison
Dec 31, 2024