SPS Commerce Inc (SPSC)
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 | 854,690 | 667,475 | 537,073 | 484,259 | 420,721 |
| 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 + $854,690K)
= 0.00
The debt-to-capital ratio of SPS Commerce Inc has consistently been reported as 0.00 from December 31, 2020, up to December 31, 2024. This indicates that the company has not utilized any debt to finance its operations relative to its capital structure during this period. A debt-to-capital ratio of 0.00 implies that the company is not reliant on debt financing and has primarily used equity to fund its activities. This can be viewed positively as it signifies a lower financial risk and potentially lower interest expenses, which may enhance the company's financial stability and flexibility. However, it's important to consider other factors such as the cost of capital and investment opportunities when evaluating the overall financial health and strategy of SPS Commerce Inc.
Peer comparison
Dec 31, 2024