CTS Corporation (CTS)

Debt-to-equity ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Long-term debt	US$ in thousands	67,500	76,665	77,040	80,261	83,670	85,478	91,027	50,000	50,000	50,000	50,000	50,000	54,600	106,300	141,300	151,200	99,700	112,700	50,000	50,000
Total stockholders’ equity	US$ in thousands	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	405,219	395,194	395,545	386,893
Debt-to-equity ratio		0.13	0.15	0.15	0.16	0.17	0.17	0.19	0.10	0.11	0.11	0.11	0.11	0.13	0.26	0.35	0.38	0.25	0.29	0.13	0.13

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $67,500K ÷ $526,822K
= 0.13

The debt-to-equity ratio of CTS Corp. has been consistently trending downward over the past eight quarters, indicating a decreasing reliance on debt financing relative to equity. This suggests that the company has been effectively managing its debt levels in relation to its equity, potentially reducing financial risk and enhancing overall financial stability. The decreasing trend in the debt-to-equity ratio could be a positive signal to investors and stakeholders, reflecting prudent financial management practices and efficient capital structure optimization. The company's ability to maintain a low debt-to-equity ratio over time may indicate a strong financial position and effectiveness in balancing debt and equity to support sustainable growth and profitability.