3D Systems Corporation (DDD)

Debt-to-equity 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-equity ratio		0.51	0.74	0.64	0.63	0.62	0.60	0.61	0.57	0.54	0.53	0.00	0.00	0.00	0.04	0.05	0.04	0.09	0.09	0.11	0.14

March 31, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $211,054K ÷ $410,331K
= 0.51

The debt-to-equity ratio of 3D Systems Corporation has shown some fluctuation over the past few quarters. The ratio was 0.51 at the end of March 2024, indicating that the company had $0.51 in debt for every $1 of equity. This implies a moderate level of financial leverage.

Looking at the trend, we can observe that the ratio increased from 0.53 at the end of December 2021 to 0.74 at the end of December 2023, indicating a higher reliance on debt during this period. However, the ratio has declined since then, reaching its lowest point at 0.51 in March 2024.

It is worth noting that in the third and fourth quarters of 2021, the company reported a debt-to-equity ratio of 0.00, which could be due to specific events such as debt restructuring or repayment.

Overall, the decreasing trend in the debt-to-equity ratio from 0.74 to 0.51 suggests that the company has been gradually reducing its debt levels relative to equity, which could be a positive sign for its financial health and stability.