EPAM Systems Inc (EPAM)

Debt-to-assets ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Long-term debt	US$ in thousands	26,126	27,693	30,234	25,038	25,074
Total assets	US$ in thousands	4,352,360	4,009,150	3,523,230	2,721,330	2,244,210
Debt-to-assets ratio		0.01	0.01	0.01	0.01	0.01

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $26,126K ÷ $4,352,360K
= 0.01

EPAM Systems Inc has consistently maintained a low debt-to-assets ratio of 0.01 over the five-year period from 2019 to 2023. This indicates that the company has very little debt relative to its total assets, suggesting a conservative capital structure with a significant proportion of assets financed through equity. A low debt-to-assets ratio generally signifies a lower financial risk and greater financial stability for the company. EPAM Systems Inc's consistent low debt-to-assets ratio reflects its prudent financial management and ability to effectively manage its debt levels in relation to its asset base.