Perficient Inc (PRFT)

Debt-to-capital ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Long-term debt	US$ in thousands	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	530,623	410,127	364,765	394,078	381,015
Debt-to-capital ratio		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 + $530,623K)
= 0.00

The debt-to-capital ratio for Perficient Inc. has shown a fluctuating trend over the past five years. In 2019, the ratio stood at 0.25, indicating that only a quarter of the company's capital was funded through debt. Subsequently, the ratio increased to 0.32 in 2020, suggesting a slight rise in the proportion of debt in Perficient's capital structure.

The ratio then saw a more significant increase to 0.47 in 2021, indicating that nearly half of Perficient's capital was debt-financed by the end of that year. However, there was a slight decrease in the ratio to 0.49 in 2022, showing a slight shift towards increased debt reliance.

The most recent data for 2023 shows a decrease in the debt-to-capital ratio to 0.43, indicating a slight improvement in the capital structure with a lower proportion funded by debt compared to the previous year.

Overall, Perficient Inc.'s debt-to-capital ratio has shown variability over the last five years, suggesting shifts in the company's financing strategy and capital structure. Further analysis would be necessary to determine the reasons behind these fluctuations and assess the implications for the company's financial health and risk profile.