Proto Labs Inc (PRLB)

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 772,353 784,245 777,210 791,373 802,168 906,938 918,649 934,751 928,582 930,311 949,290 934,448 744,204 726,126 698,445 678,090 673,667 654,899 645,527 618,596
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 ÷ $772,353K
= 0.00

Proto Labs Inc has maintained a consistently low debt-to-assets ratio over the past eight quarters, ranging from 0.00 to 0.02. This indicates that the company has a strong financial position with minimal reliance on debt to finance its operations and asset acquisitions. A debt-to-assets ratio of 0.00 indicates that the company has zero debt relative to its total assets, reflecting a conservative capital structure and a lower risk profile. Even during quarters where the ratio slightly increased to 0.02, Proto Labs Inc still demonstrated prudent debt management practices. Overall, the stable and low debt-to-assets ratio suggests that the company is effectively managing its debt levels while efficiently utilizing its assets to generate revenue and shareholder value.


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