RB Global (RB Global) Debt-to-Equity

: 0.92 (As of Dec. 2023)

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RB Global's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $170 Mil. RB Global's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $4,432 Mil. RB Global's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $5,017 Mil. RB Global's debt to equity for the quarter that ended in Dec. 2023 was 0.92.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for RB Global's Debt-to-Equity or its related term are showing as below:

RBA' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.16 Med: 0.88 Max: 1.74
Current: 0.92

During the past 13 years, the highest Debt-to-Equity Ratio of RB Global was 1.74. The lowest was 0.16. And the median was 0.88.

RBA's Debt-to-Equity is ranked worse than
71.89% of 932 companies
in the Business Services industry
Industry Median: 0.4 vs RBA: 0.92

RB Global Debt-to-Equity Historical Data

The historical data trend for RB Global's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

RB Global Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.86

0.79

1.74

0.59

0.92

RB Global Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																0.59	0.87	0.84	0.85	0.92

Competitive Comparison

For the Specialty Business Services subindustry, RB Global's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

RB Global Debt-to-Equity Distribution

For the Business Services industry and Industrials sector, RB Global's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where RB Global's Debt-to-Equity falls into.

RB Global Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

RB Global's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(170.3	+	4432.3)	/	5016.7
	=	0.92

RB Global's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(170.3	+	4432.3)	/	5016.7
	=	0.92

RB Global (NYSE:RBA) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

RB Global Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of RB Global's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

RB Global (RB Global) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » RB Global Inc (NYSE:RBA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

J1F:Germany RBA:Canada

Address

Two Westbrook Corporate Center, Suite 500, Westchester, IL, USA, 60154

Website

https://www.rbglobal.com

RB Global operates the world's largest auction for heavy equipment. The company started as a live auctioneer of industrial equipment, since then it has greatly expanded its operations to include the sale of construction, agricultural, oilfield, and transportation equipment. RB Global operates over 40 live auction sites in more than 12 countries, along with online marketplaces, including IronPlanet, Marketplace-E, and GovPlanet. Its agricultural auctions are frequently much smaller venues and can include liquidations of single farms. The company holds over 300 auctions yearly and sells $6 billion worth of equipment.

Executives

Darren Jeffrey Watt	officer: Gen. Counsel & Corp. Secretary	C/O RITCHIE BROS. AUCTIONEERS INC., 9500 GLENLYON PARKWAY, BURNABY A1 V5J 0C6
James J Jeter	officer: President, Sales U.S.	C/O RITCHIE BROS. AUCTIONEERS INC., 9500 GLENLYON PARKWAY, BURNABY A1 V5J 0C6
Ann Fandozzi	director, officer: CEO	C/O RITCHIE BROS. AUCTIONEERS INC, 9500 GLENLYON PARKWAY, BURNABY A1 V5J 0C6
James Francis Kessler	officer: Chief Operating Officer	C/O RITCHIE BROS. AUCTIONEERS INC., 9500 GLENLYON PARKWAY, BURNABY A1 V5J 0C6
Timothy J. O'day	director	TWO WESTBROOK CORPORATE CENTER, SUITE 50, WESTCHESTER IL 60154
Baron Concors	officer: Chief Information Officer	C/O 9500 GLENLYON PARKWAY, BURNABY A0 V5J 0C6
Andrew John Fesler	officer: Chief People Officer	C/O RB GLOBAL, INC., 2 WESTBROOK CORPORATE CENTER, WESTCHESTER IL 60154
Megan Anne Cash	officer: Principal Fin. & Acctg Officer	C/O RB GLOBAL, INC., 2 WESTBROOK CORPORATE CENTER, WESTCHESTER IL 60154
Erik Olsson	director	C/O RSC HOLDINGS INC., 6929 E. GREENWAY PARKWAY, SCOTTSDALE AZ 85254
Michael D Sieger	director	C/O THE PROGRESSIVE CORPORATION, 6300 WILSON MILLS ROAD, MAYFIELD VILLAGE OH 44143
Adam Dewitt	director	39 SOUTH LASALLE STREET, SUITE 220, CHICAGO IL 60603
Sarah E. Raiss	director	6565 N. MACARTHUR BLVD., SUITE 800, IRVING TX 75039
Carol Stephenson	director	300 RENAISSANCE CENTER, M/C:482-C24-A68, DETROIT MI 48265-3000
Robert George Elton	director	C/O RITCHIE BROS. AUCTIONEERS INC., 9500 GLENLYON PARKWAY, BURNABY A1 V5J 0C6
Lisa Hook	director	NEUSTAR, INC. - C/O DENIS CURRAN, 46000 CENTER OAK PLAZA, STERLING VA 20166