ExlService Holdings Inc (EXLS)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 283,598 | 135,000 | 220,000 | 0 | 201,961 |
| Total stockholders’ equity | US$ in thousands | 929,862 | 889,437 | 758,179 | 693,156 | 719,172 |
| Debt-to-capital ratio | 0.23 | 0.13 | 0.22 | 0.00 | 0.22 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $283,598K ÷ ($283,598K + $929,862K)
= 0.23
The debt-to-capital ratio of ExlService Holdings Inc varies over the years based on the data provided.
As of December 31, 2020, the ratio stood at 0.22, indicating that 22% of the company's capital structure was funded by debt. However, this ratio dropped significantly to 0.00 by December 31, 2021, suggesting that there was no debt as a component of the capital during that period.
Subsequently, the ratio increased to 0.22 by December 31, 2022, indicating a return to a debt-funded capital structure. This was followed by a decrease to 0.13 by December 31, 2023, suggesting a slight reduction in the proportion of debt in the capital mix.
By December 31, 2024, the debt-to-capital ratio increased again to 0.23, indicating that 23% of the company's capital was financed by debt.
The fluctuation in the debt-to-capital ratio of ExlService Holdings Inc over the years suggests varying levels of leverage and debt utilization in its capital structure, impacting the company's financial risk and stability. It is essential for stakeholders to monitor these changes to understand the company's financing decisions and risk management strategies.
Peer comparison
Dec 31, 2024