Trex Company Inc (TREX)
Debt-to-equity ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 850,142 | 716,671 | 518,349 | 725,034 | 588,531 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $850,142K
= 0.00
Based on the data provided, Trex Company Inc has consistently maintained a debt-to-equity ratio of 0.00 over the past five years, from December 31, 2020, to December 31, 2024. A debt-to-equity ratio of 0.00 indicates that the company has no debt in relation to its equity during this period. This suggests that Trex Company Inc has been financing its operations primarily through equity rather than debt. A lower debt-to-equity ratio is generally seen as favorable as it signifies lower financial risk and greater financial stability. In this case, Trex Company Inc's consistent 0.00 debt-to-equity ratio reflects a strong financial position with minimal debt obligations relative to its equity.
Peer comparison
Dec 31, 2024