ExlService Holdings Inc (EXLS)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 889,437 | 758,179 | 693,156 | 719,172 | 670,001 |
| Debt-to-equity ratio | 0.15 | 0.29 | 0.00 | 0.28 | 0.29 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $135,000K ÷ $889,437K
= 0.15
The debt-to-equity ratio of ExlService Holdings Inc has shown a decreasing trend from 2019 to 2023, indicating that the company has been relying less on debt funding relative to equity over the years. In 2023, the debt-to-equity ratio stands at 0.22, demonstrating a conservative financial structure with a lower level of debt compared to equity. This suggests that the company may have a lower financial risk and a stronger ability to cover its debt obligations using equity. Overall, the declining trend in the debt-to-equity ratio reflects a prudent capital structure management by ExlService Holdings Inc.
Peer comparison
Dec 31, 2023