Pursuit Attractions and Hospitality, Inc. (PRSU)

Debt-to-capital ratio

		Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	497,854	525,825	96,765	41,207	12,247	43,433	51,750	16,487	-4,248	14,530	7,759	-7,591	-18,169	6,282	25,608	18,751	56,502	95,955	134,848	153,772
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

March 31, 2025 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $497,854K)
= 0.00

The debt-to-capital ratio for Pursuit Attractions and Hospitality, Inc., remained consistently at 0.00 from June 30, 2020, through the latest reporting period on December 31, 2024, with only a few instances marked as unavailable or unspecified (notably March 31, 2022, and March 31, 2023). This consistently indicates that the company has not utilized debt financing in its capital structure during this period. The complete absence of debt implies that Pursuit Attractions and Hospitality, Inc. finances its operations and assets solely through equity, without relying on borrowed funds. This capital structure suggests a conservative financial approach, reducing financial risk associated with debt obligations. It is also indicative of a strong balance sheet, potentially providing greater stability and flexibility in financial planning. The uniformity of the ratio underscores the company's sustained strategy of debt avoidance or the absence of significant borrowing activity over the analyzed timeframe.