Appfolio Inc (APPF)
Debt-to-equity 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 | ||
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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-equity 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 | 0.66 | 0.77 |
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 shown a decreasing trend over the analyzed periods. As of March 31, 2020, the ratio was 0.77, indicating that the company had higher levels of debt relative to equity. However, from June 30, 2020, the ratio started declining and reached 0.00 as of December 31, 2021, and remained at 0.00 up until December 31, 2024.
A debt-to-equity ratio of 0.00 suggests that the company has either no debt or a negligible amount of debt in relation to its equity. This implies that Appfolio Inc relies more on equity financing rather than debt financing to fund its operations and growth. A decrease in the debt-to-equity ratio can be a positive indicator of financial health, as it lowers the company's financial risk and potential bankruptcy probability associated with high debt levels.
Overall, the decreasing trend in Appfolio Inc's debt-to-equity ratio signifies a conservative approach towards capital structure management and a reduced dependency on external borrowing, which could lead to enhanced financial stability and resilience in the long term.
Peer comparison
Dec 31, 2024