Cognex Corporation (CGNX)
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 | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,517,500 | 1,504,750 | 1,438,390 | 1,430,090 | 1,262,200 |
| 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 + $1,517,500K)
= 0.00
The debt-to-capital ratio of Cognex Corporation has consistently been reported as 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt as a source of financing during this period, as the ratio is calculated by dividing total debt by total capital (debt plus equity). A debt-to-capital ratio of 0.00 suggests that the company's capital structure is primarily equity financed, which may signify a lower financial risk due to less reliance on borrowed funds. It also implies that the company may have a strong financial position with sufficient equity capital to support its operations and growth without the burden of debt obligations.
Peer comparison
Dec 31, 2024