Appfolio Inc (APPF)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	519,290	412,827	371,412	339,195	297,312	262,656	225,953	240,569	265,546	271,872	264,991	288,743	297,381	291,699	287,267	285,784	285,920	284,516	144,504	124,875
Debt-to-capital 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	0.40	0.43

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 shown consistent improvement over the period from March 31, 2020, to December 31, 2024. The ratio decreased from 0.43 in March 2020 to 0.00 by the end of December 2020 and further remained at 0.00 for the subsequent periods. This indicates that the company has effectively reduced its debt relative to its total capital employed.

A debt-to-capital ratio of 0.00 suggests that the company has either significantly decreased its debt levels or has a very low level of debt compared to its capital structure. This can be seen as a positive sign as it signifies a lower financial risk for the company, reduced interest expenses, and potentially better financial health.

Overall, the trend in the debt-to-capital ratio for Appfolio Inc indicates a prudent management of debt and capital structure, which could contribute to the company's financial stability and growth prospects in the future.