Kelly Services A Inc (KELYA)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,253,700K
= 0.00
The debt-to-equity ratio of Kelly Services, Inc. has been consistently reported as 0.00 for the past five years, spanning from December 29, 2019, to December 31, 2023. This indicates that the company has not reported any financial debt in relation to its equity during these periods. While a debt-to-equity ratio of 0.00 may suggest a low risk of default and financial leverage, it is essential to consider other factors such as the nature of the industry, the company's growth strategy, and overall financial health before drawing definitive conclusions about the company's financial stability.
Peer comparison
Dec 31, 2023