PC Connection Inc (CNXN)
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 | 840,767 | 819,161 | 794,120 | 776,483 | 766,175 | 756,107 | 731,999 | 705,482 | 682,473 | 686,172 | 665,571 | 647,495 | 636,327 | 628,277 | 611,213 | 602,562 | 597,312 | 583,144 | 560,167 | 537,592 |
| 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 + $840,767K)
= 0.00
Based on the data provided, PC Connection, Inc. has consistently maintained a debt-to-capital ratio of 0.00 for each quarter over the past two years. A debt-to-capital ratio of 0.00 indicates that the company has been financing its operations without relying on debt and has been funding its capital structure entirely through equity. This suggests that the company has a strong financial position with no debt obligations impacting its capital structure. It also indicates that the company has not been leveraging debt to grow its business, which can be seen as a conservative approach to financial management. However, it's important to note that a debt-to-capital ratio of 0.00 may also indicate underutilization of debt as a potential source of capital for growth opportunities. Overall, PC Connection, Inc.'s consistent debt-to-capital ratio of 0.00 reflects a cautious approach to managing its capital structure.
Peer comparison
Dec 31, 2023