Gentex Corporation (GNTX)

Debt-to-equity ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	2,312,520	2,268,450	2,195,950	2,123,260	2,065,790	2,034,050	1,986,570	1,928,970	1,937,990	1,887,630	1,916,320	1,960,980	1,963,940	1,895,610	1,822,610	1,834,610	1,938,090	1,921,330	1,904,330	1,857,080
Debt-to-equity ratio		0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $2,312,520K
= 0.00

The debt-to-equity ratio for Gentex Corp. has consistently been at 0.00 for the past eight quarters. This indicates that the company has been utilizing very little to no debt to finance its operations and growth, relying instead heavily on equity financing. A debt-to-equity ratio of 0.00 signifies that the company does not have any financial leverage through debt, which can be considered a positive sign for investors and creditors as it implies a lower financial risk and greater financial stability. However, it is essential to note that while low debt levels can be advantageous, it may also suggest limited financial flexibility in terms of leveraging debt for potential growth opportunities or strategic investments. It would be crucial for Gentex Corp. to maintain a balance between debt and equity financing to optimize its capital structure and financial performance in the long run.