Proto Labs Inc (PRLB)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $695,295K
= 0.00
The debt-to-equity ratio of Proto Labs Inc has been consistently low over the past five years, hovering around 0.00 to 0.03. This indicates that the company has been relying more on equity financing rather than debt to fund its operations and growth. A low debt-to-equity ratio is generally viewed positively as it suggests lower financial risk and a stronger financial position for the company. However, it's important to note that excessively low debt levels may also imply missed opportunities for leveraging debt to potentially boost returns for shareholders. Further analysis of the company's capital structure and overall financial health would provide a more comprehensive assessment of its debt management strategy.
Peer comparison
Dec 31, 2023