Kelly Services A Inc (KELYA)

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	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total assets	US$ in thousands	2,581,600	2,550,000	2,595,000	2,588,600	2,663,800	2,681,900	2,735,200	2,785,600	2,894,200	2,803,500	2,746,900	2,610,100	2,561,900	2,391,700	2,318,700	2,261,800	2,480,600	2,476,300	2,542,300	2,472,200
Debt-to-assets 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, 2023 calculation

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

Based on the data provided, Kelly Services, Inc. has consistently maintained a debt-to-assets ratio of 0.00 over the past eight quarters. A debt-to-assets ratio of 0.00 indicates that the company has no debt relative to its total assets during this period. This suggests that the company has been operating with a strong financial position and has not relied on debt financing to support its operations or growth. However, it is important to note that a debt-to-assets ratio of 0.00 may also indicate that the company has not taken on any debt for strategic reasons, such as preserving financial flexibility or having sufficient cash reserves to fund its operations without borrowing. Overall, from a debt management perspective, Kelly Services, Inc. appears to be in a favorable position with a consistently low debt-to-assets ratio.