Trex Company Inc (TREX)
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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 1,324,300 | 1,267,220 | 1,269,930 | 1,292,960 | 932,885 | 996,812 | 1,069,820 | 1,133,120 | 933,705 | 841,898 | 887,294 | 972,396 | 920,321 | 953,451 | 898,820 | 900,290 | 770,492 | 718,235 | 670,990 | 630,856 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 remained constant at 0.00 throughout the entire period from March 31, 2020, to December 31, 2024. This indicates that the company did not have any financial leverage during this time, as its total debt was effectively zero in relation to its total assets. A debt-to-assets ratio of 0.00 suggests that the company did not rely on debt financing to support its operations or expansion activities. While a low debt-to-assets ratio may indicate a lower risk of financial distress, it may also mean the company missed out on potential tax advantages associated with debt financing. Overall, the consistent 0.00 debt-to-assets ratio for Trex Company Inc suggests the company followed a conservative financial strategy characterized by a lack of indebtedness relative to its asset base over the analyzed period.
Peer comparison
Dec 31, 2024