Proto Labs Inc (PRLB)
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 | 695,295 | 697,648 | 828,493 | 644,356 | 585,790 |
| 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 + $695,295K)
= 0.00
Proto Labs Inc's debt-to-capital ratio has remained consistently low over the past five years, with readings of 0.00 in 2023, 2021, 2020, and 2019, and slightly higher at 0.02 in 2022. This indicates that the company has a very low level of debt relative to its total capital structure. A low debt-to-capital ratio suggests that Proto Labs relies more on equity financing rather than debt to fund its operations and investments. This can be seen as a positive sign by investors and creditors, as it indicates lower financial risk and greater stability. Overall, the trend in Proto Labs' debt-to-capital ratio suggests a conservative approach to capital structure management.
Peer comparison
Dec 31, 2023