ExlService Holdings Inc (EXLS)

Debt-to-capital 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 stockholders’ equity US$ in thousands 929,862 907,563 852,606 803,255 889,437 856,087 834,214 795,222 758,179 704,584 685,653 700,341 693,156 684,985 728,014 726,225 719,172 709,928 680,928 655,904
Debt-to-capital ratio 0.23 0.27 0.23 0.26 0.13 0.16 0.19 0.17 0.22 0.25 0.27 0.27 0.00 0.20 0.16 0.22 0.22 0.23 0.24 0.26

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 has shown fluctuations over the period analyzed. The ratio decreased from 0.26 as of March 31, 2020, to a low of 0.00 as of December 31, 2021, indicating a significant reduction in debt relative to capital during this time.

However, the ratio increased in subsequent periods, reaching 0.27 as of June 30, 2022, and September 30, 2024. This increase suggests that the company may have taken on more debt compared to its capital base in these periods.

Overall, the debt-to-capital ratio of ExlService Holdings Inc has ranged from 0.00 to 0.27 during the period under review, reflecting changes in the company's leverage and capital structure over time. Investors and analysts should continue to monitor this ratio to assess the company's financial risk and leverage levels.