Appfolio Inc (APPF)

Debt-to-assets ratio

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Long-term debt US$ in thousands — — — — 0
Total assets US$ in thousands 626,678 408,889 381,217 408,017 389,480
Debt-to-assets ratio 0.00 0.00 0.00 0.00 0.00

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $626,678K
= 0.00

The debt-to-assets ratio of Appfolio Inc has consistently been 0.00 over the years 2020 to 2024. This indicates that the company has not utilized any debt to finance its assets during this period. A low or zero debt-to-assets ratio typically suggests that the company is primarily funded by equity rather than debt, which can be a positive indicator of financial stability and less financial risk. Appfolio Inc's strong financial position in terms of its debt management signifies a lower probability of default and a more secure investment profile for its stakeholders.