PTC Inc (PTC)
Debt-to-assets ratio
| 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 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 6,383,540 | 6,128,140 | 6,205,260 | 6,271,160 | 6,288,840 | 6,207,650 | 6,299,620 | 4,795,770 | 4,687,270 | 4,605,540 | 4,378,520 | 4,420,620 | 4,507,560 | 4,206,220 | 4,181,220 | 3,448,890 | 3,382,740 | 3,376,170 | 3,866,470 | 3,279,830 |
| Debt-to-assets 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 |
September 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $6,383,540K
= 0.00
The debt-to-assets ratio for PTC Inc has consistently been 0.00 for each reporting period spanning from December 2019 to September 2024. This indicates that the company has had no debt relative to its total assets during these periods. A consistently low or zero debt-to-assets ratio may suggest that the company is not relying heavily on debt financing to support its operations and growth, which could be viewed positively by investors and creditors as it implies lower financial risk and potentially greater financial stability. However, it's important to consider that having no debt at all may limit the company's ability to leverage financial resources for strategic opportunities.
Peer comparison
Sep 30, 2024