Rush Enterprises (Rush Enterprises) Debt-to-Equity : 0.97 (As of Dec. 2023)

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What is Rush Enterprises Debt-to-Equity?

Rush Enterprises's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,193 Mil. Rush Enterprises's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $616 Mil. Rush Enterprises's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $1,871 Mil. Rush Enterprises's debt to equity for the quarter that ended in Dec. 2023 was 0.97.

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 Rush Enterprises's Debt-to-Equity or its related term are showing as below:

RUSHB' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.79 Med: 1.47 Max: 1.94
Current: 1.05

During the past 13 years, the highest Debt-to-Equity Ratio of Rush Enterprises was 1.94. The lowest was 0.79. And the median was 1.47.

RUSHB's Debt-to-Equity is ranked worse than
75.49% of 1175 companies
in the Vehicles & Parts industry
Industry Median: 0.48 vs RUSHB: 1.05

Rush Enterprises Debt-to-Equity Historical Data

The historical data trend for Rush Enterprises'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.

Rush Enterprises Debt-to-Equity Chart

Rush Enterprises Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.53

0.96

0.79

0.82

0.97

Rush Enterprises Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.84	0.86	0.88	0.97	1.05

Competitive Comparison of Rush Enterprises's Debt-to-Equity

For the Auto & Truck Dealerships subindustry, Rush Enterprises'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.

Rush Enterprises's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Rush Enterprises's Debt-to-Equity distribution charts can be found below:

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

Rush Enterprises Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Rush Enterprises'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
	=	(1193.301	+	616.133)	/	1870.879
	=	0.97

Rush Enterprises'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
	=	(1193.301	+	616.133)	/	1870.879
	=	0.97

Rush Enterprises (NAS:RUSHB) 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.

Rush Enterprises Debt-to-Equity Related Terms

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Rush Enterprises (Rush Enterprises) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Rush Enterprises Inc (NAS:RUSHB) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

RUSHA:USA

Address

555 IH-35 South, Suite 500, New Braunfels, TX, USA, 78130

Website

https://www.rushenterprises.com

Rush Enterprises Inc is a full-service, integrated retailer of commercial vehicles and related services. The company operates in a single segment; Truck Segment includes the operation of a network of commercial vehicle dealerships under the name Rush Truck Centers. It sells commercial vehicles manufactured by Peterbilt, International, Hino, Ford, Isuzu, IC Bus, and Blue Bird and also provides one-stop service for the needs of commercial vehicle customers, including retail sales of new and used commercial vehicles, aftermarket parts sales, service and repair facilities, financing, leasing and rental, and insurance products. The company's business is concentrated in the United States commercial vehicle markets and related aftermarkets.