Qualys Inc (QLYS)
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 | 368,174 | 322,917 | 277,018 | 267,822 | 289,129 | 355,186 | 396,838 | 426,635 | 436,714 | 402,986 | 392,995 | 397,108 | 404,482 | 400,299 | 407,774 | 386,730 | 386,803 | 361,023 | 383,598 | 373,403 |
| 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 ÷ $368,174K
= 0.00
Based on the historical data provided, Qualys Inc has consistently maintained a debt-to-equity ratio of 0.00 across all quarters in 2022 and 2023. This suggests that the company has not utilized any debt to finance its operations and has relied solely on equity financing. A debt-to-equity ratio of 0.00 indicates a conservative financial strategy, where the company is not taking on any long-term debt obligations. This may indicate a strong financial position and lower financial risk, as the absence of debt can reduce interest expenses and financial leverage. However, it's important to note that while a low debt-to-equity ratio can be favorable, it may also mean that the company is not taking advantage of potential tax benefits associated with debt financing. Overall, Qualys Inc's consistent 0.00 debt-to-equity ratio reflects a conservative approach to capital structure and financial risk management.
Peer comparison
Dec 31, 2023