CTS Corporation (CTS)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 766,112 | 741,167 | 748,487 | 664,462 | 626,049 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $766,112K
= 0.00
The debt-to-assets ratio of CTS Corporation has been consistently reported as 0.00 for the years ending December 31, 2020 to December 31, 2024. This indicates that the company has not utilized debt to finance its assets during these years. A debt-to-assets ratio of 0.00 suggests that the company's assets are entirely funded by equity, which may signify a strong financial position with no financial risk associated with debt obligations. Overall, CTS Corporation appears to have a conservative capital structure with no significant leverage, which could be viewed favorably by potential investors and creditors.
Peer comparison
Dec 31, 2024