Kelly Services A Inc (KELYA)

Debt-to-capital ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Long-term debt	US$ in thousands	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	1,253,700	1,254,200	1,336,200	1,203,000	1,264,500
Debt-to-capital ratio		0.00	0.00	0.00	0.00	0.00

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,253,700K)
= 0.00

The debt-to-capital ratio of Kelly Services, Inc. has been consistently reported as 0.00 for the past five years, indicating that the company has not utilized debt as a significant source of capital compared to equity in its capital structure. This suggests that Kelly Services has been relying more on equity financing rather than debt financing to fund its operations and investments. A debt-to-capital ratio of 0.00 implies that the company's total debt is negligible in relation to its total capital, reflecting a conservative financial strategy in terms of leverage. It is important to note that a low debt-to-capital ratio can signify financial stability and lower financial risk, but it can also mean missed opportunities for leveraging debt for potential growth or investment purposes. Overall, Kelly Services' consistent trend of a 0.00 debt-to-capital ratio implies a cautious approach towards debt management and capital structure.