Proto Labs Inc (PRLB)

Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $695,295K
= 0.00

Proto Labs Inc's debt-to-equity ratio has remained consistently low over the past eight quarters, ranging from 0.00 to 0.03. This indicates that the company has been primarily relying on equity financing rather than debt to fund its operations and growth. A low debt-to-equity ratio typically suggests a lower financial risk and greater financial stability for the company, as it indicates a lower level of debt relative to shareholders' equity. However, it is important to note that a very low debt-to-equity ratio may also imply missed opportunities for leveraging debt to potentially increase returns for shareholders. Overall, Proto Labs Inc's stable and low debt-to-equity ratio reflects a conservative financing strategy that prioritizes financial stability and minimizes financial risk.


Peer comparison

Dec 31, 2023

Company name
Symbol
Debt-to-equity ratio
Proto Labs Inc
PRLB
0.00
Arcosa Inc
ACA
0.00
Valmont Industries Inc
VMI
0.82