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.
Peer comparison
Dec 31, 2023