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