IPG Photonics Corporation (IPGP)

Debt-to-capital 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 stockholders’ equity US$ in thousands 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 2,401,730 2,380,110 2,366,650 2,267,840
Debt-to-capital 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 0.02 0.02 0.02 0.02 0.02

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $2,415,380K)
= 0.00

The debt-to-capital ratio of IPG Photonics Corp has been consistently low, remaining at 0.01 or lower for the past eight quarters, except for a slight increase to 0.01 in Q1 2023. This indicates that the company relies minimally on debt to finance its operations and growth initiatives, preferring to finance its activities through equity capital. A low debt-to-capital ratio suggests a lower financial risk for the company, as it has a stronger equity base compared to its debt levels. Overall, the stable and low debt-to-capital ratio of IPG Photonics Corp reflects a conservative approach to financial management and a relatively healthy balance sheet structure.