Standard Motor Products Inc (SMP)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 615,745 | 635,064 | 610,020 | 601,580 | 550,236 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $615,745K)
= 0.00
Standard Motor Products Inc has maintained a consistent debt-to-capital ratio of 0.00% from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt significantly to finance its operations and investments relative to its total capital. With a debt-to-capital ratio of 0.00%, Standard Motor Products Inc appears to have a strong financial position with a lower reliance on debt as a source of funding. It suggests that the company has been utilizing equity financing rather than debt to support its growth and operations, which could potentially lower its financial risk and enhance its financial stability in the long term.
Peer comparison
Dec 31, 2024