Cognex Corporation (CGNX)

Debt-to-equity ratio

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Long-term debt US$ in thousands
Total stockholders’ equity US$ in thousands 1,504,750 1,438,390 1,430,090 1,262,200 1,355,710
Debt-to-equity ratio 0.00 0.00 0.00 0.00 0.00

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,504,750K
= 0.00

Based on the data provided, Cognex Corp. has consistently maintained a debt-to-equity ratio of 0.00 over the past five years (from 2019 to 2023). A debt-to-equity ratio of 0.00 indicates that the company has not utilized any debt financing to fund its operations and growth, relying solely on equity financing. This signifies a strong financial position and a lower level of financial risk, as there is no leverage amplifying the company's returns or potential losses. However, it's important to note that a zero debt-to-equity ratio may also imply missed opportunities for leveraging debt to potentially enhance returns for shareholders. Overall, Cognex Corp.'s consistent zero debt-to-equity ratio suggests a conservative approach to capital structure management and a focus on financial stability.


Peer comparison

Dec 31, 2023