Liquidity Services Inc (LQDT)

Debt-to-equity 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-equity ratio		0.00	0.00	0.00	0.00	0.00

September 30, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $161,533K
= 0.00

Based on the provided data, the debt-to-equity ratio for Liquidity Services Inc has been consistently reported as 0.00 from September 30, 2019 to September 30, 2023. This implies that the company has not used any debt to finance its operations in relation to its equity during this period. While this indicates a conservative capital structure and lower financial risk, it's essential to consider other factors such as the overall financial health and growth prospects of the company to fully assess its financial position.