PDF Solutions Inc (PDFS)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 290,136 | 278,671 | 273,768 | 287,580 | 239,544 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $290,136K
= 0.00
The debt-to-assets ratio for PDF Solutions Inc. has been consistently at 0.00 for the past five years, indicating that the company has not relied on debt to finance its operations and investments. This suggests that PDF Solutions Inc. has a strong financial position and is able to fund its activities primarily through equity or internal sources of capital. A low or zero debt-to-assets ratio can be viewed positively by investors as it indicates lower financial risk and potential for stable operations. However, it is important to note that a low debt-to-assets ratio may also suggest that the company is not taking advantage of leverage to potentially enhance returns.
Peer comparison
Dec 31, 2023