ExlService Holdings Inc (EXLS)

Debt-to-assets ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Long-term debt	US$ in thousands	283,598	339,828	260,000	280,000	135,000	160,000	190,000	160,000	220,000	235,000	250,000	260,000	0	170,000	139,432	202,687	201,961	216,235	215,527	234,820
Total assets	US$ in thousands	1,618,400	1,609,830	1,503,770	1,439,390	1,441,970	1,402,490	1,362,700	1,308,570	1,346,120	1,318,730	1,290,930	1,274,550	1,282,900	1,168,070	1,169,350	1,226,370	1,247,860	1,219,480	1,193,610	1,267,260
Debt-to-assets ratio		0.18	0.21	0.17	0.19	0.09	0.11	0.14	0.12	0.16	0.18	0.19	0.20	0.00	0.15	0.12	0.17	0.16	0.18	0.18	0.19

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $283,598K ÷ $1,618,400K
= 0.18

The debt-to-assets ratio of ExlService Holdings Inc has been fluctuating over the years, indicating the company's changing leverage and financial risk. From March 31, 2020, to December 31, 2021, the ratio decreased steadily from 0.19 to 0.00, suggesting a reduction in the company's debt relative to its total assets during this period.

However, starting from March 31, 2022, the ratio increased to 0.20 and has continued to fluctuate between 0.12 and 0.21 up to December 31, 2024. This uptrend in the ratio may indicate an increase in the company's debt compared to its total assets, potentially signaling higher leverage and financial risk.

It is essential for stakeholders to monitor this ratio closely to assess the company's ability to meet its debt obligations and manage its financial leverage effectively.