Proto Labs Inc (PRLB)
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 | 772,353 | 802,168 | 928,582 | 744,204 | 673,667 |
| 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 ÷ $772,353K
= 0.00
Proto Labs Inc has consistently maintained a very low debt-to-assets ratio over the past five years. The company's debt levels relative to its total assets have been effectively negligible, with the ratio consistently at or near zero. This indicates that Proto Labs has primarily relied on equity financing rather than debt to fund its operations and investments. The company's strong equity position suggests a conservative approach to capital structure management and financial risk. Overall, the low debt-to-assets ratio reflects a solid financial position and stability for Proto Labs Inc.
Peer comparison
Dec 31, 2023
Company name
Symbol
Debt-to-assets ratio
Proto Labs Inc
PRLB
0.00
Arcosa Inc
ACA
0.00
Valmont Industries Inc
VMI
0.32