Kelly Services A Inc (KELYA)
Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,253,700K
= 0.00
The debt-to-equity ratio of Kelly Services, Inc. has consistently been reported as 0.00 for all quarters across 2022 and 2023. This indicates that Kelly Services has not reported any debt on its balance sheet during the period, suggesting that the company has been primarily funded by equity. A debt-to-equity ratio of 0.00 is considered to be very conservative and signifies a low financial risk position, as the company is not relying on borrowed funds to finance its operations or investments. Investors and creditors may view this positively as it suggests a strong financial standing and potentially lower default risk. However, it is important to consider the company's overall financial health and future growth plans in conjunction with this ratio to assess the complete picture of its financial performance and risk management.
Peer comparison
Dec 31, 2023