IPG Photonics Corporation (IPGP)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 2,289,260 | 2,698,900 | 2,743,280 | 3,170,540 | 2,935,700 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $2,289,260K
= 0.00
The debt-to-assets ratio for IPG Photonics Corporation remained consistently at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt financing to fund its operations or acquisitions during this period. A debt-to-assets ratio of 0.00 suggests that the company's assets are entirely financed by equity, which may indicate a strong financial position and minimal financial risk related to debt obligations. It is important to note that a low or zero debt-to-assets ratio may limit the company's ability to leverage debt for potential growth opportunities or investments. Overall, the stability of the 0.00 debt-to-assets ratio demonstrates IPG Photonics Corporation's conservative approach to capital structure and potentially lower financial risk exposure.
Peer comparison
Dec 31, 2024