Medpace Holdings Inc (MEDP)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | 0 |
| Total assets | US$ in thousands | 1,656,830 | 1,352,500 | 1,659,940 | 1,390,680 | 1,143,070 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,656,830K
= 0.00
The debt-to-assets ratio for Medpace Holdings Inc has been consistently low over the past five years, indicating a strong financial position with minimal reliance on debt to finance its operations and investments. The ratio was 0.00 in 2023, 2021, 2020, and 2019, and only slightly increased to 0.04 in 2022. This suggests that the company has a significant proportion of its assets financed by equity rather than debt, reducing its financial risk and enhancing its ability to weather economic downturns or unexpected challenges. Overall, the trend of low debt-to-assets ratios reflects prudent financial management and a conservative approach to leverage within Medpace Holdings Inc.
Peer comparison
Dec 31, 2023