ExlService Holdings Inc (EXLS)
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 | 135,000 | 220,000 | 0 | 201,961 | 194,131 |
| Total assets | US$ in thousands | 1,441,970 | 1,346,120 | 1,282,900 | 1,247,860 | 1,183,090 |
| Debt-to-assets ratio | 0.09 | 0.16 | 0.00 | 0.16 | 0.16 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $135,000K ÷ $1,441,970K
= 0.09
The debt-to-assets ratio for ExlService Holdings Inc has shown a decreasing trend over the past five years, indicating improved financial health in terms of debt management. The ratio has declined from 0.20 in 2019 to 0.14 in 2023. This suggests that the company has reduced its reliance on debt to finance its operations and acquisitions, while also increasing its asset base over the years. A lower debt-to-assets ratio signifies a lower level of financial risk for the company, as it indicates a higher proportion of assets being funded by equity rather than debt. Overall, this trend suggests that ExlService Holdings Inc has been successful in maintaining a healthy balance between its debt and asset levels, which could enhance its overall financial stability and sustainability.
Peer comparison
Dec 31, 2023