Liquidity Services Inc (LQDT)

Debt-to-capital ratio

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Long-term debt	US$ in thousands	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	182,560	161,533	154,536	135,015	111,815
Debt-to-capital ratio		0.00	0.00	0.00	0.00	0.00

September 30, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $182,560K)
= 0.00

The debt-to-capital ratio of Liquidity Services Inc for the five years from September 30, 2020, to September 30, 2024, has consistently remained at 0.00. This indicates that the company has not utilized any debt to finance its operations relative to its total capital over this period. A debt-to-capital ratio of 0.00 suggests that the company has been relying on equity financing entirely, which may signify a strong financial position with minimal financial risk associated with debt obligations. However, it is important to note that a low or zero debt-to-capital ratio may also limit the company's ability to leverage its capital structure efficiently for potential growth opportunities. Further analysis of the company's overall financial health and strategic decisions would be necessary to fully assess the implications of this consistent debt-to-capital ratio.