Deluxe Corporation (DLX)
Debt-to-equity ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 620,918 | 604,094 | 604,200 | 574,600 | 540,800 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $620,918K
= 0.00
The debt-to-equity ratio of Deluxe Corporation has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt to finance its operations or growth during this period. A debt-to-equity ratio of 0.00 signifies that Deluxe Corporation's capital structure is primarily equity-funded, which may suggest lower financial risk and potentially greater financial stability. It is important to note that a low debt-to-equity ratio does not necessarily mean a company is in a better financial position, as excessive reliance on equity financing could impact the company's growth opportunities and return on equity. Further analysis of the company's overall financial health and performance indicators will provide a more comprehensive understanding of its financial standing.