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.