Kelly Services A Inc (KELYA)

Debt-to-assets ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Long-term debt	US$ in thousands	—	—	—	—	—
Total assets	US$ in thousands	2,581,600	2,663,800	2,894,200	2,561,900	2,480,600
Debt-to-assets ratio		0.00	0.00	0.00	0.00	0.00

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $2,581,600K
= 0.00

The debt-to-assets ratio of Kelly Services, Inc. has been consistently at 0.00 over the past five years. This indicates that the company has not utilized debt as a source of financing relative to its total assets during this period. A debt-to-assets ratio of 0.00 signifies that the company's assets are entirely financed by equity, suggesting a low financial risk and a stable financial position. The company's ability to maintain a debt-free capital structure may reflect a conservative financing approach or strong cash reserves, which could provide financial flexibility and resilience in uncertain economic conditions. However, it is essential to consider that using no debt may also limit the potential for leveraging opportunities and potentially higher returns.