Proto Labs Inc (PRLB)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 743,512 | 772,353 | 802,168 | 928,582 | 744,204 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $743,512K
= 0.00
Proto Labs Inc's debt-to-assets ratio has consistently remained at 0.00 over the five-year period from December 31, 2020, to December 31, 2024. This indicates that the company has not taken on any debt to finance its assets during this time frame. A debt-to-assets ratio of 0.00 suggests that Proto Labs has a strong financial position with no reliance on borrowing to support its operations or investment in assets. This may indicate sound financial management and a lower risk level in terms of debt obligations. However, it is essential to consider other financial metrics and factors to gain a more comprehensive understanding of the company's overall financial health and performance.
Peer comparison
Dec 31, 2024