Standard Motor Products Inc (SMP)

Debt-to-assets ratio

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Long-term debt US$ in thousands
Total assets US$ in thousands 1,814,130 1,293,050 1,254,930 1,197,960 956,540
Debt-to-assets ratio 0.00 0.00 0.00 0.00 0.00

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,814,130K
= 0.00

Standard Motor Products Inc has maintained a consistent debt-to-assets ratio of 0.00 for the years 2020, 2021, 2022, 2023, and 2024. This indicates that the company has not relied on debt financing to support its operations during this period. A debt-to-assets ratio of 0.00 signifies that the company's total debt is negligible or non-existent in relation to its total assets, suggesting a strong financial standing and a low financial risk associated with debt obligations. It implies that the company's assets are primarily funded through equity or other non-debt sources, which could be seen as a positive indicator of financial stability and prudent financial management.