Deluxe Corporation (DLX)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 2,831,040 | 3,080,620 | 3,076,500 | 3,074,400 | 1,874,900 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $2,831,040K
= 0.00
The debt-to-assets ratio for Deluxe Corporation has been consistently reported as 0.00 for the years 2020, 2021, 2022, 2023, and 2024. This indicates that Deluxe Corporation does not carry any debt relative to its total assets during these years. A debt-to-assets ratio of 0.00 implies that the company's assets are entirely financed by equity or other non-debt sources, suggesting a strong financial position with no debt burden. It also reflects a lower financial risk as the company is not relying on debt to support its operations or investments.