Kelly Services A Inc (KELYA)
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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,253,700 | 1,235,700 | 1,241,900 | 1,247,800 | 1,254,200 | 1,252,700 | 1,276,900 | 1,273,500 | 1,336,200 | 1,274,100 | 1,243,800 | 1,215,700 | 1,203,000 | 1,166,100 | 1,145,600 | 1,100,100 | 1,264,500 | 1,247,800 | 1,268,200 | 1,177,800 |
| Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,253,700K)
= 0.00
The debt-to-capital ratio for Kelly Services, Inc. has consistently remained at 0.00 for the past eight quarters, indicating that the company has not used debt as a significant source of financing in relation to its total capital structure. This suggests that the company may have a conservative approach to leverage and is relying more on equity financing or internally generated funds to support its operations and growth. It is important to note that a low debt-to-capital ratio can be a positive indicator of financial strength and stability, as it implies lower financial risk and dependency on external creditors. However, it is also essential to consider the business context and industry norms when evaluating the significance of this ratio.
Peer comparison
Dec 31, 2023