Standard Motor Products Inc (SMP)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $615,745K
= 0.00
Standard Motor Products Inc has consistently maintained a debt-to-equity ratio of 0.00 from December 31, 2020 to December 31, 2024. This signifies that the company's financial structure is primarily equity-financed rather than debt-financed. A debt-to-equity ratio of 0.00 indicates that there is either no debt on the company's balance sheet or the amount of debt is negligible compared to the equity invested in the business. This low ratio suggests a conservative approach to financing and a lower financial risk for the company. Standard Motor Products Inc's consistent low debt-to-equity ratio indicates a stable financial position and a strong ability to meet its financial obligations using equity capital.
Peer comparison
Dec 31, 2024