Appfolio Inc (APPF)

Debt-to-equity 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-equity ratio 0.00 0.00 0.00 0.00 0.00

December 31, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $519,290K
= 0.00

The debt-to-equity ratio for Appfolio Inc has been consistently 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt to finance its operations during this period and has solely relied on equity financing. A debt-to-equity ratio of 0.00 signifies that the company's debts are either very minimal or non-existent compared to its equity, reflecting a relatively low financial risk and a strong financial position. This ratio suggests that the company has a solid capital structure with little to no financial leverage, which may imply a conservative approach to managing its financial obligations and potential lower interest expenses.