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
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.