Medpace Holdings Inc (MEDP)

Debt-to-assets 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	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0	0	0	55,781
Total assets	US$ in thousands	1,656,830	1,486,720	1,406,940	1,395,720	1,352,500	1,328,420	1,315,450	1,344,350	1,659,940	1,577,140	1,469,710	1,451,360	1,390,680	1,296,140	1,222,130	1,137,630	1,143,070	1,072,330	1,016,860	1,006,520
Debt-to-assets 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	0.06

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,656,830K
= 0.00

The debt-to-assets ratio of Medpace Holdings Inc has fluctuated over the past eight quarters. In Q1 2022 and Q3 2022, the ratio was relatively high at 0.08 and 0.11 respectively, indicating a higher proportion of debt relative to total assets. This suggests that the company may have been relying more on debt financing during these periods.

However, in the subsequent quarters, the ratio decreased significantly, reaching 0.00 in Q4 2022 and Q1 2023. This indicates that the company either paid off a significant portion of its debt or increased its assets without a corresponding increase in debt.

In Q2 2023, the debt-to-assets ratio increased to 0.04, reflecting a moderate level of debt relative to assets. This could suggest a strategic decision by the company to take on some debt for growth opportunities or capital investments.

Overall, the trend in Medpace Holdings Inc's debt-to-assets ratio shows fluctuations, with periods of higher debt levels followed by significant decreases. It will be important to monitor this ratio in future quarters to understand the company's debt management strategy and its impact on overall financial health.