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