Liquidity Services Inc (LQDT)
Debt-to-capital 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 | 165,379 | 161,533 | 155,809 | 151,074 | 154,953 | 154,536 | 144,669 | 132,989 | 137,079 | 135,015 | 116,561 | 106,938 | 115,063 | 111,815 | 110,238 | 108,112 | 112,437 | 116,175 | 121,113 | 124,465 |
| Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $165,379K)
= 0.00
Based on the data provided for Liquidity Services Inc's debt-to-capital ratio spanning Q2 2022 to Q1 2024, the ratio has consistently been reported as 0.00. A debt-to-capital ratio of 0.00 indicates that the company has no debt relative to its capital structure, suggesting that it is entirely financed through equity. This signifies a strong financial position with no borrowing obligations impacting the company's capitalization. However, it is important to consider that a completely debt-free capital structure may also imply missed opportunities for leveraging debt as a cheaper source of funding. Nevertheless, consistently maintaining a debt-to-capital ratio of 0.00 can indicate financial stability and prudence in managing its capital structure.
Peer comparison
Dec 31, 2023