Vulcan Materials Company (VMC)
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 | 17,104,800 | 14,545,700 | 14,234,600 | 13,682,600 | 11,686,900 |
| 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 ÷ $17,104,800K
= 0.00
The debt-to-assets ratio for Vulcan Materials Company has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt significantly to finance its assets during this period. A debt-to-assets ratio of 0.00 suggests that all of Vulcan Materials Company's assets are financed through equity or other sources aside from debt. It implies a conservative approach to capital structure and financial risk management, as the company is not heavily reliant on borrowing to support its operations or investments in assets. Overall, a low or zero debt-to-assets ratio can be viewed positively by investors and creditors, as it signifies lower financial leverage and potential stability in times of economic uncertainty.
Peer comparison
Dec 31, 2024