Liquidity Services Inc (LQDT)

Debt-to-assets 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 assets	US$ in thousands	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	187,283	190,668	193,109
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

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $278,425K
= 0.00

The debt-to-assets ratio of Liquidity Services Inc has consistently been reported as 0.00 across all quarters listed in the table. This indicates that the company has not utilized any debt to finance its assets during the given period. A debt-to-assets ratio of 0.00 suggests that the company has relied solely on equity financing to support its operations and growth rather than taking on debt. This may signify a conservative financial approach, as the absence of debt can reduce financial risk and interest expenses, but it could also imply missed opportunities for leveraging debt to potentially enhance returns on equity. Furthermore, it could indicate a strong financial position and creditworthiness, as the company operates without the burden of debt obligations. It would be important to consider the company's overall capital structure and financial strategy to fully assess the implications of such a consistent debt-to-assets ratio of 0.00.