Perficient Inc (PRFT)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 530,623 | 502,689 | 474,691 | 438,179 | 410,127 | 384,270 | 366,731 | 343,550 | 364,765 | 423,252 | 411,993 | 398,534 | 394,078 | 386,425 | 410,053 | 393,524 | 381,015 | 369,248 | 359,147 | 349,813 |
| Debt-to-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $530,623K
= 0.00
The debt-to-equity ratio of Perficient Inc. has shown a declining trend over the past two years, decreasing from 1.14 in Q1 2022 to 0.75 in Q4 2023. This indicates that the company has been reducing its reliance on debt financing in relation to equity financing. A lower debt-to-equity ratio signifies a healthier financial position and reduced financial risk, as the company is less leveraged.
The downward trend in the debt-to-equity ratio may be attributed to the company paying off debt, generating strong earnings to finance operations, or issuing equity to strengthen its capital structure. Overall, the decreasing trend in the debt-to-equity ratio suggests that Perficient Inc. is managing its debt levels effectively and is potentially in a more stable financial position compared to previous periods.
Peer comparison
Dec 31, 2023