Medpace Holdings Inc (MEDP)

Debt-to-capital ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Long-term debt	US$ in thousands	—	—	—	—	0
Total stockholders’ equity	US$ in thousands	558,950	386,387	952,928	805,779	726,283
Debt-to-capital ratio		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 + $558,950K)
= 0.00

The debt-to-capital ratio for Medpace Holdings Inc has shown considerable fluctuation over the past five years. In 2023, the ratio stands at 0.00, indicating that the company has no debt relative to its capital. This could suggest a conservative capital structure with lower financial risk.

However, the ratio was notably higher at 0.11 in 2022, indicating that the company had some debt relative to its capital that year. The significant decrease to 0.00 in 2023 may reflect a strategic decision to reduce debt or a change in capital structure to a more equity-based financing approach.

Looking back to 2021, 2020, and 2019, the debt-to-capital ratio remained at 0.00 each year, suggesting a consistent pattern of minimal debt utilization relative to total capital during those years.

Overall, the trend in the debt-to-capital ratio for Medpace Holdings Inc indicates a recent shift towards a debt-free capital structure, which may be viewed positively by investors and stakeholders concerned about the company's financial leverage and stability.