PDF Solutions Inc (PDFS)

Debt-to-capital 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	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	228,946	221,564	224,170	213,425	210,012	203,203	197,875	213,567	219,585	223,455	223,124	225,253	234,506	264,777	197,705	198,469	196,157	194,987	194,892	197,347
Debt-to-capital 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	0.00

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $228,946K)
= 0.00

Based on the data provided for PDF Solutions Inc., the debt-to-capital ratio has consistently been at 0.00 for the past eight quarters. A debt-to-capital ratio of 0.00 indicates that the company has no debt in its capital structure during these periods. This suggests that PDF Solutions Inc. has been operating with a capital structure that is primarily equity-funded rather than relying on debt financing to fund its operations and growth. Additionally, a consistent 0.00 debt-to-capital ratio may indicate that the company has a strong financial position with minimal financial risk related to debt obligations. However, it's important to note that a 0.00 debt-to-capital ratio may limit the potential tax benefits that debt financing can provide in certain situations. Overall, PDF Solutions Inc.'s consistent 0.00 debt-to-capital ratio suggests a conservative approach to capital structure management.