EPAM Systems Inc (EPAM)

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	26,126	27,500	25,854	28,253	27,693	28,198	30,221	30,550	30,234	25,024	29	25,032	25,038	25,039	25,044	—	25,074	—	—	—
Total assets	US$ in thousands	4,352,360	4,162,270	4,093,700	4,071,340	4,009,150	3,735,600	3,563,960	3,507,570	3,523,230	3,242,230	2,961,620	2,780,540	2,721,330	2,555,420	2,389,130	2,311,880	2,244,210	2,040,160	1,931,450	1,831,440
Debt-to-assets ratio		0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.00	0.01	0.01	0.01	0.01	0.00	0.01	0.00	0.00	0.00

December 31, 2023 calculation

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

The debt-to-assets ratio of EPAM Systems Inc has remained consistent at 0.01 in each quarter from Q1 2022 to Q4 2023. This ratio indicates that only 1% of the company's total assets are financed by debt, while the remaining 99% is funded by equity. This implies that the company has a very low level of debt relative to its asset base, suggesting a strong financial position and low financial risk. EPAM Systems Inc's consistent low debt-to-assets ratio reflects its conservative approach to financing, which may provide stability and resilience in the face of economic challenges or market fluctuations.