Appfolio Inc (APPF)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | 0 |
| Total stockholders’ equity | US$ in thousands | 519,290 | 297,312 | 265,546 | 297,381 | 285,920 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $519,290K)
= 0.00
The debt-to-capital ratio of Appfolio Inc has remained consistently at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt in its capital structure during this period. A debt-to-capital ratio of 0.00 suggests that the company's funding is entirely derived from equity, which can be perceived positively as it implies lower financial risk and a lower reliance on debt financing. However, it is important to note that a lack of debt in the capital structure may limit the company's financial flexibility and tax benefits associated with debt financing. Overall, Appfolio Inc's consistent debt-to-capital ratio of 0.00 implies a strong financial position with a conservative approach towards leveraging debt in its operations.
Peer comparison
Dec 31, 2024