3D Systems Corporation (DDD)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	410,331	428,759	701,466	712,955	731,448	751,704	735,910	785,807	826,876	842,381	749,150	466,539	462,133	430,723	428,518	463,428	488,669	522,159	514,749	536,832
Debt-to-capital ratio		0.34	0.43	0.39	0.39	0.38	0.37	0.38	0.36	0.35	0.35	0.00	0.00	0.00	0.04	0.04	0.04	0.08	0.08	0.10	0.12

March 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $211,054K ÷ ($211,054K + $410,331K)
= 0.34

The debt-to-capital ratio of 3D Systems Corporation has shown variability over the past few quarters. As of March 31, 2024, the ratio stands at 0.34, which indicates that the company's debt comprises 34% of its total capital. This ratio has decreased from 0.43 at the end of 2023, suggesting a reduction in the level of debt relative to the company's capital structure.

Looking back over the last few quarters, the trend in the debt-to-capital ratio has been fluctuating within a range, with values ranging from 0.35 to 0.43. However, it is important to note that there were quarters where the ratio was significantly lower or even zero, indicating periods where the company had minimal or no debt relative to its capital base.

The decreasing trend in the debt-to-capital ratio from 0.43 in December 2023 to 0.34 in March 2024 could suggest that 3D Systems Corporation has been actively managing its debt levels or optimizing its capital structure during this period. It is advisable to delve deeper into the company's financial statements and disclosures to understand the driving factors behind these changes in the debt-to-capital ratio and assess the implications for the company's financial health and risk profile.