CTS Corporation (CTS)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,017,870 | 526,822 | 506,224 | 463,578 | 423,682 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,017,870K)
= 0.00
The debt-to-capital ratio for CTS Corporation remained at 0.00% from December 31, 2020, through December 31, 2024. This indicates that the company has not taken on any long-term debt in relation to its total capital during this period. A debt-to-capital ratio of 0.00% suggests that the company has relied more on equity financing rather than debt financing to fund its operations and investments. This could signify financial stability and lower financial risk for CTS Corporation, as there is no significant debt burden impacting its capital structure. Furthermore, a consistent debt-to-capital ratio of 0.00% over multiple years may reflect prudent financial management and a conservative approach to leveraging.
Peer comparison
Dec 31, 2024