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.