PC Connection Inc (CNXN)

Debt-to-assets 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 assets US$ in thousands 1,188,380 1,181,430 1,164,280 1,118,060 1,099,830 1,134,120 1,123,630 1,100,820 1,083,380 1,013,930 1,031,270 958,386 1,015,370 1,003,330 954,340 913,192 937,335 870,648 911,802 828,449
Debt-to-assets 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-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,188,380K
= 0.00

Based on the data provided for the debt-to-assets ratio of PC Connection, Inc. over the past eight quarters, the ratio has consistently remained at 0.00. This indicates that the company has not had any debt on its balance sheet relative to its total assets during the periods analyzed. A debt-to-assets ratio of 0.00 suggests that the company has been relying entirely on equity financing to support its operations and growth initiatives, without taking on any long-term debt. While this may indicate a strong financial position with lower financial risk and potentially lower interest expenses, it is also essential to consider the potential implications on the company's overall growth and capital structure strategies in the long term. Continued monitoring of the company's debt levels and financial policies is recommended to assess its financial health and sustainability in the future.


Peer comparison

Dec 31, 2023

Company name
Symbol
Debt-to-assets ratio
PC Connection Inc
CNXN
0.00
Amazon.com Inc
AMZN
0.11
CDW Corp
CDW
0.38
Insight Enterprises Inc
NSIT
0.00