PTC Inc (PTC)
Debt-to-assets ratio
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 6,383,540 | 6,288,840 | 4,687,270 | 4,507,560 | 3,382,740 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
September 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $6,383,540K
= 0.00
Based on the data provided for PTC Inc from September 30, 2020, to September 30, 2024, the debt-to-assets ratio has remained consistently at 0.00 over the five-year period. A debt-to-assets ratio of 0.00 indicates that PTC Inc has no debt relative to its total assets. This suggests that the company is primarily financed by equity rather than debt.
A debt-to-assets ratio of 0.00 can be seen as a positive indicator, as it implies lower financial risk and less reliance on external financing for the company's operations and investments. It also signifies good financial strength and stability, as the company has been able to manage its operations without taking on debt.
However, it's essential to consider that while a low debt-to-assets ratio can be advantageous, having no debt at all may also mean missed opportunities for leveraging debt for potential growth and tax benefits. Overall, PTC Inc's consistent debt-to-assets ratio of 0.00 reflects a strong balance sheet position and prudent financial management.
Peer comparison
Sep 30, 2024