Cognex Corporation (CGNX)
Debt-to-capital ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,504,750 | 1,488,600 | 1,480,460 | 1,446,330 | 1,438,390 | 1,389,220 | 1,389,980 | 1,358,740 | 1,430,090 | 1,492,960 | 1,429,450 | 1,357,000 | 1,262,200 | 1,505,830 | 1,376,480 | 1,327,490 | 1,355,710 | 1,239,220 | 1,191,640 | 1,188,860 |
| 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 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,504,750K)
= 0.00
The debt-to-capital ratio of Cognex Corp. has remained consistently at 0.00 for all reported quarters in the provided table. This indicates that the company has not utilized any debt to finance its operations and investments during the mentioned periods. A debt-to-capital ratio of 0.00 suggests that the company's capital structure is primarily supported by equity rather than debt. This can be viewed positively as it signifies a lower financial risk due to the absence of debt obligations. However, it's important to note that a 0.00 debt-to-capital ratio may imply missed opportunities for leveraging debt to potentially increase returns for the shareholders. Overall, Cognex Corp.'s consistent 0.00 debt-to-capital ratio reflects a conservative financial strategy of capitalizing mainly through equity.
Peer comparison
Dec 31, 2023