Appfolio Inc (APPF)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | 0 | 47,375 |
| Total assets | US$ in thousands | 408,889 | 381,217 | 408,017 | 389,480 | 260,102 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.18 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $408,889K
= 0.00
The debt-to-assets ratio of Appfolio Inc has remained at 0.00 for the past four years from 2020 to 2023, indicating that the company has not utilized any debt to finance its assets during these years. This suggests that Appfolio has a conservative capital structure and is not heavily reliant on borrowed funds to support its operations and investments. It is worth noting that in 2019, the debt-to-assets ratio was 0.18, indicating that the company had some debt relative to its total assets that year. Overall, the consistent low debt-to-assets ratio demonstrates Appfolio's strong financial position and ability to fund its operations without taking on significant debt.
Peer comparison
Dec 31, 2023