Medpace Holdings Inc (MEDP)

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

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $558,950K
= 0.00

The debt-to-equity ratio for Medpace Holdings Inc has shown varying trends over the past five years. In 2023, the company reported a debt-to-equity ratio of 0.00, indicating that it had no debt relative to its equity during that period. This suggests that the company relied more on equity financing rather than debt to fund its operations and growth.

Looking back at 2022, Medpace Holdings Inc had a debt-to-equity ratio of 0.13, which indicates that the company had a small amount of debt in relation to its equity. This suggests a slight increase in leverage compared to 2023.

In 2021, 2020, and 2019, the company reported debt-to-equity ratios of 0.00, indicating similar patterns of no debt relative to equity in those years. This suggests a consistent strategy of maintaining a debt-free capital structure during those periods.

Overall, the trend in debt-to-equity ratios for Medpace Holdings Inc reflects a generally conservative approach to capital structure management, with a preference for equity financing over debt. Investors and stakeholders may view the company's low leverage as a positive indicator of financial stability and risk management.