Pegasystems Inc (PEGA)

Debt-to-assets ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Long-term debt	US$ in thousands	—	—	—	—	—
Total assets	US$ in thousands	1,768,270	1,510,740	1,357,670	1,593,530	1,604,260
Debt-to-assets ratio		0.00	0.00	0.00	0.00	0.00

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,768,270K
= 0.00

The debt-to-assets ratio for Pegasystems Inc. has consistently been reported as 0.00 across the four fiscal year-ends provided (December 31, 2020 through December 31, 2024). This indicates that the company has maintained a zero proportion of total assets financed through debt during this period. Such a consistently low or nonexistent debt level suggests that Pegasystems Inc. relies entirely on equity financing and internal funds for its asset base, with no significant long-term or short-term liabilities reported in its balance sheets. From a financial risk perspective, this elimination of debt minimizes interest obligations and potential leverage-related risks, while potentially limiting the company's capacity to quickly leverage debt for growth opportunities. Overall, the persistent zero debt-to-assets ratio reflects a conservative financial approach and a sound liquidity position, but may also imply limitations in capital structure flexibility.