Perficient Inc (PRFT)
Debt-to-assets 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 assets | US$ in thousands | 1,064,600 | 1,028,500 | 1,013,690 | 981,855 | 995,888 | 948,737 | 926,943 | 902,821 | 882,572 | 787,631 | 786,195 | 767,510 | 785,761 | 754,294 | 715,454 | 637,658 | 640,492 | 606,704 | 604,790 | 567,936 |
| Debt-to-assets 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-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,064,600K
= 0.00
The debt-to-assets ratio of Perficient Inc. has shown a slight decline over the past four quarters, indicating a more conservative approach to managing debt relative to the company's assets. The ratio decreased from 0.44 in Q1 2022 to 0.37 in Q4 2023. This trend suggests that the company has been effectively reducing its reliance on debt financing in relation to its total assets. However, it is important to note that the ratio has fluctuated within a relatively narrow range of 0.37 to 0.44 during this period, indicating a consistent level of debt utilization compared to the total assets of the company. Overall, Perficient Inc.'s debt-to-assets ratio reflects a balanced approach to capital structure management, with a gradual improvement in debt management efficiency over the past year.
Peer comparison
Dec 31, 2023