EPAM Systems Inc (EPAM)
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 | 4,750,470 | 4,352,360 | 4,009,150 | 3,523,230 | 2,721,330 |
| 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 ÷ $4,750,470K
= 0.00
The debt-to-assets ratio of EPAM Systems Inc for the years ending December 31, 2020 through December 31, 2024, has consistently remained at 0.00. This indicates that the company has not used any debt to finance its assets during these years. A debt-to-assets ratio of 0.00 signifies a conservative financial position with no financial leverage through debt. EPAM Systems Inc appears to rely solely on equity financing for its asset investments, which may indicate a lower risk of financial distress due to debt obligations. It suggests that the company may have a strong cash position or generate sufficient profits to fund its operations and asset acquisitions without resorting to debt financing.
Peer comparison
Dec 31, 2024