CTS Corporation (CTS)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,017,870K
= 0.00
The debt-to-equity ratio for CTS Corporation has consistently been 0.00 for the years 2020 through 2024. This indicates that the company has not utilized debt to finance its operations and has been relying solely on equity for funding. A debt-to-equity ratio of 0.00 typically suggests that the company is not taking on any financial leverage and is considered to have a conservative financial structure. This could signify a lower risk level for the company as it is not burdened with significant debt obligations. However, it is important to note that a very low debt-to-equity ratio may also imply limited growth opportunities as the company is not utilizing debt to potentially enhance returns for shareholders.
Peer comparison
Dec 31, 2024