Liquidity Services Inc (LQDT)
Debt-to-equity ratio
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 182,560 | 171,970 | 163,925 | 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 |
| Debt-to-equity 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 |
September 30, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $182,560K
= 0.00
The debt-to-equity ratio of Liquidity Services Inc has consistently been reported as 0.00 for the past several quarters, indicating that the company has no financial debt recorded in relation to its equity during these periods. This ratio suggests that the company is primarily financed through equity rather than debt, which can be considered a positive indicator of financial stability and lower financial risk. It also implies that the company may have a strong equity base to support its operations and growth without relying heavily on external borrowing. However, it is important to note that while a low debt-to-equity ratio can be favorable, it is essential to assess the overall financial health and performance of the company in conjunction with other financial ratios and metrics for a comprehensive analysis.
Peer comparison
Sep 30, 2024