IPG Photonics Corporation (IPGP)

Debt-to-capital ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	2,024,470	2,114,610	2,253,370	2,340,720	2,415,380	2,383,950	2,398,550	2,338,520	2,385,360	2,580,510	2,639,220	2,707,250	2,746,580	2,739,350	2,704,920	2,639,500	2,592,820	2,470,210	2,436,350	2,355,070
Debt-to-capital 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, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $2,024,470K)
= 0.00

The debt-to-capital ratio of IPG Photonics Corporation has consistently been reported as 0.00% across all quarters from March 31, 2020, to December 31, 2024. A debt-to-capital ratio of 0.00% indicates that the company has not utilized any debt in its capital structure during the specified period. This signifies that the company has relied solely on equity financing to fund its operations and investments.

A debt-to-capital ratio of 0.00% reflects a conservative financial strategy, as it implies a lower financial risk due to the absence of debt obligations. IPG Photonics Corporation's zero debt-to-capital ratio suggests that it may have strong cash reserves, profitability, or access to other sources of capital without relying on debt financing.

From an investor perspective, a consistently low debt-to-capital ratio may indicate financial stability, lower risk of default, and potential for future growth. However, it's essential to consider other financial metrics and factors to gain a comprehensive understanding of the company's overall financial health and performance.