Vulcan Materials Company (VMC)
Debt-to-capital 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 | 8,118,600 | 7,483,400 | 6,928,600 | 6,545,000 | 6,027,330 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $8,118,600K)
= 0.00
The debt-to-capital 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 used any debt to finance its operations or growth during these years. A debt-to-capital ratio of 0.00 signifies that the company's capital structure is entirely composed of equity, which may suggest a conservative financial approach with a lower risk of financial distress due to debt obligations. It also demonstrates a strong financial position, as the company has not taken on any debt to fund its operations or expansion activities. It would be beneficial for Vulcan Materials Company to continue to monitor and maintain this low debt-to-capital ratio to sustain its financial stability and flexibility.
Peer comparison
Dec 31, 2024