Ritchie Bros Auctioneers Inc
Company Overview
Ritchie Bros. Auctioneers Inc. is a global asset management and disposition company, offering customers end-to-end solutions for buying and selling used industrial equipment and other durable assets through its auction platform. The company operates through various channels including live auctions, online auctions, and marketplaces.
The company provides value-added services such as equipment inspection, appraisal, refurbishment, shipping, financing, and insurance. Their core business model involves facilitating the exchange of real assets between buyers and sellers, earning commissions and fees from these transactions.
Use of Interest
| Reporting Date | Total Revenue | Total Operating Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| Sept. 30, 2024 | $981.8m | $885.6m | - | $57.2m | 0.00% | 6.46% |
| June 30, 2024 | $1.1b | $954.1m | - | $59.9m | 0.00% | 6.28% |
| March 31, 2024 | $1.06b | $929.7m | - | $63.9m | 0.00% | 6.87% |
Company Impact
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