Exponent Inc (EXPO)
Debt-to-capital ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 356,085 | 320,752 | 417,065 | 361,498 | 350,251 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $356,085K)
= 0.00
The debt-to-capital ratio for Exponent Inc has consistently been 0.00 for the past five years, indicating that the company has not used any debt to finance its operations relative to its total capital structure. This implies that Exponent Inc relies primarily on equity financing to fund its operations, which can be viewed positively as it suggests lower financial risk and potentially greater financial stability. However, it's essential to note that a debt-to-capital ratio of 0.00 may also indicate missed opportunities for leveraging debt for potential growth or tax advantages. Overall, the steady 0.00 debt-to-capital ratio for Exponent Inc suggests a conservative approach to capital structure management.
Peer comparison
Dec 31, 2023