Liquidity Services Inc (LQDT)
Debt-to-capital ratio
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 161,533 | 154,536 | 135,015 | 111,815 | 116,175 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
September 30, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $161,533K)
= 0.00
The debt-to-capital ratio for Liquidity Services Inc has remained at 0.00 over the past five years, indicating that the company has not used any debt to finance its operations relative to its capital. This suggests that the company has been relying solely on equity financing, which could signify a conservative financial strategy. However, it's important to note that a debt-to-capital ratio of 0.00 may also result from a company having very low debt relative to its capital. Further analysis of the company's capital structure and financial health would be necessary to fully understand the implications of this consistent ratio.
Peer comparison
Sep 30, 2023