Deluxe Corporation (DLX)
Debt-to-assets 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 | 1,506,700 | 1,546,330 | 1,581,150 | 1,607,860 | 1,572,530 | 1,606,460 | 1,618,360 | 1,635,190 | 1,625,750 | 1,719,000 | 1,776,280 | 840,000 | 840,000 | 1,040,000 | 1,140,000 | 1,140,000 | 883,500 | 924,000 | 951,000 | 946,000 |
| Total assets | US$ in thousands | 3,080,620 | 2,884,670 | 2,923,020 | 2,940,910 | 3,076,520 | 2,957,320 | 2,940,390 | 2,954,310 | 3,074,380 | 3,006,190 | 3,017,480 | 1,893,250 | 1,842,180 | 2,007,180 | 2,060,080 | 2,044,540 | 1,943,310 | 1,888,960 | 2,314,040 | 2,322,410 |
| Debt-to-assets ratio | 0.49 | 0.54 | 0.54 | 0.55 | 0.51 | 0.54 | 0.55 | 0.55 | 0.53 | 0.57 | 0.59 | 0.44 | 0.46 | 0.52 | 0.55 | 0.56 | 0.45 | 0.49 | 0.41 | 0.41 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,506,700K ÷ $3,080,620K
= 0.49
The debt-to-assets ratio of Deluxe Corp. has been relatively stable over the past eight quarters, ranging from 0.52 to 0.57. This ratio indicates the proportion of the company's assets financed by debt, with a higher ratio suggesting a greater reliance on debt to fund operations and investments.
Based on the data provided, Deluxe Corp. has maintained a consistent level of debt relative to its total assets. A ratio of 0.52 to 0.57 suggests that approximately 52% to 57% of the company's assets are financed through debt. This consistent range may indicate a deliberate financial strategy or management's comfort level with the current level of leverage.
It's important to note that the interpretation of the debt-to-assets ratio should be considered in conjunction with other financial ratios and factors affecting the company's financial health and performance. Additional analysis of Deluxe Corp.'s overall financial position, profitability, cash flow, and market conditions would provide a more comprehensive understanding of the company's financial strength and risk profile.