SPS Commerce Inc (SPSC)

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 1,031,230 823,844 672,914 615,846 526,458
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 ÷ $1,031,230K
= 0.00

The debt-to-assets ratio of SPS Commerce Inc has consistently been 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not used debt to finance its assets during this period. A debt-to-assets ratio of 0.00 implies that the company's assets are wholly funded by equity, which may be a positive sign indicating financial stability and lower financial risk. However, it is essential to consider other financial metrics in conjunction with this ratio to gain a comprehensive understanding of the company's financial health and leverage position.