Exponent Inc (EXPO)
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 | — | — | — | — | — |
| Total assets | US$ in thousands | 646,777 | 586,662 | 683,739 | 580,096 | 563,411 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $646,777K
= 0.00
The debt-to-assets ratio of Exponent Inc has consistently been 0.00 over the past five years, indicating that the company has not utilized any debt to finance its assets during this period. This implies that Exponent Inc has been funding its operations and investments mainly through equity and retained earnings rather than taking on debt. A debt-to-assets ratio of 0.00 is generally considered favorable as it suggests a lower financial risk and less dependency on external financing. However, it is important to note that having no debt could potentially limit the company's ability to leverage financial leverage for growth or investment opportunities. Overall, Exponent Inc's consistent ratio of 0.00 indicates a conservative financial approach regarding debt management.
Peer comparison
Dec 31, 2023