IPG Photonics Corporation (IPGP)

Debt-to-assets 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 — — — 15,734 0 0 0 15,734 16,031 16,328 32,225 33,193 34,157 35,117 36,071 37,022 37,968 38,909 39,846 40,779
Total assets US$ in thousands 2,698,900 2,672,860 2,696,420 2,671,160 2,743,280 2,962,520 3,048,770 3,098,470 3,170,540 3,143,910 3,086,510 2,982,950 2,935,700 2,794,930 2,758,740 2,680,130 2,730,440 2,730,900 2,737,420 2,628,740
Debt-to-assets ratio 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.02

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $2,698,900K
= 0.00

The debt-to-assets ratio of IPG Photonics Corp has been consistently low, ranging from 0.00 to 0.01 over the past eight quarters. This indicates that the company has a minimal level of debt relative to its total assets. A low debt-to-assets ratio is generally viewed positively as it suggests lower financial risk and greater financial stability. Despite a slight increase in the ratio in Q1 2023 compared to previous quarters, the overall trend reflects a financially strong position with the company relying more on equity financing rather than debt to fund its operations and growth.