Medpace Holdings Inc (MEDP)

Debt-to-equity 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 stockholders’ equity US$ in thousands 558,950 470,912 391,060 347,262 386,387 349,885 283,252 605,016 952,928 898,085 851,882 858,927 805,779 791,629 738,069 717,799 726,283 692,007 658,055 621,897
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 0.09

December 31, 2023 calculation

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

The debt-to-equity ratio of Medpace Holdings Inc has fluctuated over the past eight quarters, ranging from 0.00 to 0.88. In Q1 and Q2 of 2022, the company had higher debt-to-equity ratios of 0.88 and 0.40, respectively, indicating a higher proportion of debt relative to equity. However, in the following quarters, the ratios decreased significantly, with Q4 2022 and Q1 2023 showing ratios of 0.13 and 0.33, respectively.

The most recent data for Q4 2023 and Q3 2023 both indicate a debt-to-equity ratio of 0.00, suggesting that the company has either paid off its debts or has a very minimal amount of debt compared to its equity. Overall, the decreasing trend in the debt-to-equity ratio over the past quarters reflects a potential improvement in the company's financial leverage and a reduced reliance on debt financing.


Peer comparison

Dec 31, 2023