Qualys Inc (QLYS)
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 | 368,174 | 289,129 | 436,714 | 404,482 | 386,803 |
| 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 ÷ $368,174K
= 0.00
The debt-to-equity ratio of Qualys Inc has consistently been 0.00 for the past five years, from 2019 to 2023. This indicates that the company has not utilized any debt to finance its operations during this period and has been relying solely on equity funding. A debt-to-equity ratio of 0.00 signifies that the company's financial structure is debt-free, which can be seen as a positive indicator of financial stability and prudent financial management. It suggests that Qualys Inc has been able to fund its operations and growth using internal resources rather than external borrowings. However, it is essential to note that while a low debt-to-equity ratio can be favorable, it may also indicate a missed opportunity to leverage low-cost debt for potential growth or expansion initiatives.
Peer comparison
Dec 31, 2023