Perficient Inc (PRFT)
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 | 1,064,600 | 995,888 | 882,572 | 785,761 | 640,492 |
| 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 ÷ $1,064,600K
= 0.00
The debt-to-assets ratio for Perficient Inc. has shown some fluctuation over the past five years. In 2023, the ratio stands at 0.37, indicating that 37% of the company's total assets are financed by debt.
Comparing this to previous years, we see that the ratio was higher in 2022 at 0.40 but then decreased slightly in 2023. This suggests that the company may have reduced its reliance on debt financing relative to its total assets in the latest year.
Looking further back, the ratio was at 0.37 in 2021, indicating consistency with the current year's ratio. However, there was a more significant increase in debt financing in both 2020 (0.23) and 2019 (0.19), indicating that the company had used less debt to finance its assets in those years compared to recent years.
Overall, the trend in Perficient Inc.'s debt-to-assets ratio indicates some variability, with the company seemingly managing its debt levels relative to its asset base in a manner that has seen fluctuations over the past five years.
Peer comparison
Dec 31, 2023