CTS Corporation (CTS)

Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,017,870K
= 0.00

Based on the data provided, the debt-to-equity ratio of CTS Corporation has consistently been at 0.00 for each reporting period from March 31, 2020, to December 31, 2024. A debt-to-equity ratio of 0.00 indicates that the company has no outstanding debt in relation to its equity. This could suggest that the company has been operating without resorting to debt financing during the specified timeframe, or that it has managed to repay all its outstanding debts.

A debt-to-equity ratio of 0.00 generally indicates a low level of financial risk and could imply that the company has a strong equity base that can support its operations and growth without relying heavily on borrowed funds. It is important to note that while a low debt-to-equity ratio is typically considered favorable, it is essential to consider other financial metrics and factors to gain a comprehensive understanding of the company's financial health and performance.