Trex Company Inc (TREX)
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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 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 | 592,239 | 570,770 | 536,198 | 535,645 |
| 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, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $932,885K
= 0.00
The debt-to-assets ratio of TREX Co., Inc. has shown some fluctuations over the past eight quarters, ranging from 0.00 to 0.33.
In Q1 and Q2 of 2022, the company maintained a debt-to-assets ratio of 0.00, indicating a debt-free status or minimal debt relative to its total assets. However, in subsequent quarters, the ratio increased, reaching its peak at 0.33 in Q1 2023. This significant increase suggests that the company took on a substantial amount of debt compared to its asset base during that period.
From Q2 2023 onwards, there was a decreasing trend in the debt-to-assets ratio, dropping to 0.01 in Q4 2023. This suggests that the company may have paid down debt or increased its asset base, resulting in a lower proportion of debt in relation to assets.
Overall, TREX Co., Inc.'s debt-to-assets ratio has demonstrated variability, with periods of minimal to no debt followed by a period of relatively higher debt levels. Monitoring this ratio over time can provide insights into the company's financial leverage and risk management strategies.
Peer comparison
Dec 31, 2023