Proto Labs Inc (PRLB)
Debt-to-capital 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 | 695,295 | 684,922 | 682,685 | 683,137 | 697,648 | 810,846 | 820,698 | 832,035 | 828,493 | 824,621 | 831,977 | 813,431 | 644,356 | 625,821 | 601,249 | 587,740 | 585,790 | 564,097 | 558,113 | 542,795 |
| Debt-to-capital 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-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 been consistently low over the past eight quarters, ranging from 0.00 to 0.02. This indicates that the company employs a conservative approach in utilizing debt as part of its capital structure. With the ratio consistently below 0.10, Proto Labs Inc appears to have a relatively low level of financial leverage, suggesting lower financial risk compared to companies with higher debt levels. Investors and creditors may view this as a positive sign of financial stability and solvency, as the company relies more on equity financing rather than debt financing to support its operations and growth. It is important to note that a low debt-to-capital ratio may also limit potential returns for shareholders, as the company may be foregoing potential growth opportunities that could be financed through debt. Overall, the consistent low debt-to-capital ratio of Proto Labs Inc reflects a prudent and cautious approach to managing its financial resources.
Peer comparison
Dec 31, 2023