Appfolio Inc (APPF)

Debt-to-assets ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0	0	95,146	95,760
Total assets	US$ in thousands	626,678	523,297	479,317	438,770	408,889	378,600	351,359	370,700	381,217	384,882	375,428	400,034	408,017	407,387	399,072	378,697	389,480	386,272	320,351	293,427
Debt-to-assets ratio		0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.30	0.33

December 31, 2024 calculation

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

The debt-to-assets ratio for Appfolio Inc, as per the provided data, has shown a decreasing trend over the period from March 31, 2020, to December 31, 2024. Starting at 0.33 in March 2020, the ratio decreased to 0.30 by June 2020 and steadily declined thereafter.

Notably, from September 2020 onwards, the company's debt-to-assets ratio consistently remained at 0.00 until December 31, 2024. This trend indicates that Appfolio Inc has either reduced its debt levels or increased its asset base significantly in relation to its total debt.

A debt-to-assets ratio of 0.00 suggests that the company's total debt is either very low or non-existent in comparison to its total assets. This implies that the company is in a strong financial position with a lower risk of financial distress related to debt obligations. However, it is essential to consider other financial metrics and factors in conjunction with the debt-to-assets ratio to gain a comprehensive understanding of Appfolio Inc's overall financial health and leverage position.