Trex Company Inc (TREX)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 716,671 | 691,651 | 623,525 | 560,177 | 518,349 | 556,538 | 641,475 | 721,065 | 725,034 | 720,809 | 648,776 | 590,143 | 588,531 | 544,064 | 499,661 | 451,723 | 449,175 | 423,550 | 391,533 | 363,157 |
| Debt-to-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $716,671K
= 0.00
The debt-to-equity ratio of TREX Co., Inc. has been fluctuating over the past eight quarters, ranging from as low as 0.00 to as high as 0.66. In Q1 and Q2 of 2022, the company had no debt relative to its equity, indicating a conservative financial structure at that time. However, the ratio increased significantly in the following quarters, reaching a peak of 0.66 in Q1 2023. This suggests that the company took on more debt relative to its equity, potentially to fund growth or other strategic initiatives.
The gradual decline in the debt-to-equity ratio in subsequent quarters indicates that TREX Co., Inc. may have been paying down its debt or improving its equity position. The ratio dropped to 0.01 in Q4 2023, reflecting a lower level of debt relative to equity compared to previous periods. Overall, although the company experienced fluctuations in its debt-to-equity ratio, the trend seems to indicate a move towards a more balanced capital structure in recent quarters.
Peer comparison
Dec 31, 2023