CTS Corporation (CTS)
Debt-to-capital ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,017,870 | 530,806 | 522,751 | 521,285 | 526,822 | 522,667 | 521,395 | 514,136 | 506,224 | 490,612 | 485,947 | 480,178 | 463,578 | 457,374 | 454,309 | 435,716 | 423,682 | 413,966 | 400,892 | 397,466 |
| 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, 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 of CTS Corporation has consistently been 0.00 over the past several quarters, from March 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt as a significant source of financing relative to its capital structure during this period. A low or zero debt-to-capital ratio can suggest that the company has a conservative financial strategy, relying more on equity financing or retained earnings to fund its operations and growth. It also indicates a lower financial risk as the company does not have a significant amount of debt that could burden its financial position.
Peer comparison
Dec 31, 2024