Liquidity Services Inc (LQDT)

Debt-to-assets ratio

		Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total assets	US$ in thousands	346,888	325,538	303,651	278,425	288,970	283,027	283,097	269,201	288,104	282,810	276,819	286,878	255,576	238,403	217,583	205,254	196,634	198,864	182,072	179,196
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

September 30, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $346,888K
= 0.00

The debt-to-assets ratio of Liquidity Services Inc has consistently been reported as 0.00 across all the time periods provided, indicating that the company has not reported any debt on its balance sheet relative to its total assets during these periods. A debt-to-assets ratio of 0 indicates that the company's assets are entirely financed by equity rather than debt. This implies that the company may have a strong financial position with low financial risk due to the absence of debt obligations. However, it is essential to consider the reasons behind the lack of debt, as it may also indicate missed opportunities for leveraging debt to potentially enhance returns or fuel growth.