3D Systems Corporation (DDD)

Debt-to-assets ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019
Long-term debt	US$ in thousands	211,054	319,356	451,520	450,848	450,179	449,510	448,852	448,081	447,534	446,859	0	0	0	19,218	19,804	20,063	44,619	45,215	55,421	75,378
Total assets	US$ in thousands	857,236	990,660	1,392,750	1,431,700	1,442,290	1,446,610	1,431,370	1,481,960	1,506,560	1,549,100	1,005,100	712,293	705,507	733,055	707,282	751,211	783,712	807,312	822,763	877,551
Debt-to-assets ratio		0.25	0.32	0.32	0.31	0.31	0.31	0.31	0.30	0.30	0.29	0.00	0.00	0.00	0.03	0.03	0.03	0.06	0.06	0.07	0.09

March 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $211,054K ÷ $857,236K
= 0.25

The debt-to-assets ratio of 3D Systems Corporation has shown fluctuations over the past few quarters. It stood at 0.25 as of March 31, 2024, indicating that 25% of the company's assets were financed through debt. The ratio had increased from the previous quarter, where it was 0.32 as of December 31, 2023, and September 30, 2023. This suggests that the company had reduced its debt relative to its assets in the most recent quarter.

However, looking back to the third and fourth quarters of 2021 (September and December), the debt-to-assets ratio was at 0.00, which indicates that the company had a minimal or no debt relative to its assets during that period. Subsequently, there was a gradual increase in the ratio over the following quarters.

It is important to note that a lower debt-to-assets ratio generally signifies lower financial risk and indicates that the company has more assets relative to its debt obligations. Therefore, the decreasing trend in the debt-to-assets ratio from the previous highs could be viewed positively in terms of the company's financial leverage and solvency.