Standard Motor Products Inc (SMP)
Debt-to-assets ratio
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 1,814,130 | 1,350,540 | 1,374,330 | 1,351,560 | 1,293,050 | 1,299,930 | 1,302,140 | 1,320,020 | 1,254,930 | 1,318,730 | 1,326,550 | 1,310,410 | 1,197,960 | 1,195,730 | 1,155,280 | 976,482 | 956,540 | 950,997 | 944,765 | 940,711 |
| 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 |
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 over the period from March 31, 2020, to December 31, 2024. This indicates that the company has not relied heavily on debt to finance its operations or investments, as its total debt is negligible compared to its total assets. A debt-to-assets ratio of 0.00 signifies a financially stable position, as the company's assets are primarily funded by equity rather than debt. This low ratio suggests that Standard Motor Products Inc may have a conservative approach to leverage and is not overly burdened by debt obligations, which could potentially reduce financial risk and increase the company's ability to weather economic downturns.
Peer comparison
Dec 31, 2024