PC Connection Inc (CNXN)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 1,188,380 | 1,099,830 | 1,083,380 | 1,015,370 | 937,335 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,188,380K
= 0.00
The debt-to-assets ratio of PC Connection Inc has consistently been 0.00 for the past five years, indicating that the company has not used any debt to finance its assets during this period. This can be seen as a positive sign, suggesting that the company has been able to fund its operations and investments through other means such as equity financing or retained earnings. A debt-to-assets ratio of 0.00 means that the company's total assets are entirely financed by equity, which may reflect a lower financial risk and a stronger financial position. However, it is important to note that a low or zero debt-to-assets ratio may also indicate that the company is underutilizing leverage opportunities that could potentially enhance its returns on equity. Overall, further analysis of the company's financing and investment strategies would be beneficial to gain a better understanding of its financial health and future prospects.
Peer comparison
Dec 31, 2023