Pool Corporation (POOL)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,273,460 | 1,312,790 | 1,235,190 | 1,071,390 | 639,470 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,273,460K)
= 0.00
Based on the data provided, Pool Corporation has consistently maintained a debt-to-capital ratio of 0.00 across the years 2020 to 2024. This indicates that the company has not utilized any debt in its capital structure during this period. A debt-to-capital ratio of 0.00 implies that the company's capital is entirely financed by equity, which may suggest a conservative financial strategy or strong operational cash flows that negate the need for debt financing. It also signifies a lower financial risk associated with debt obligations and interest payments. However, it is important to note that the absence of debt in the capital structure may also limit the potential tax benefits and leverage opportunities for the company. Overall, Pool Corporation's consistent debt-to-capital ratio of 0.00 reflects a unique capital structure that may align with its financial objectives and risk tolerance.