SPS Commerce Inc (SPSC)
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 | 854,690 | 667,475 | 537,073 | 484,259 | 420,721 |
| 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 ÷ $854,690K
= 0.00
The debt-to-equity ratio for SPS Commerce Inc has consistently been reported as 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has no debt on its balance sheet during this period and relies solely on equity financing for its operations and investments. A debt-to-equity ratio of 0.00 reflects a strong financial position with low financial risk, as there is no financial leverage contributing to the company's capital structure. Overall, this stable ratio suggests that SPS Commerce Inc has a conservative financing strategy and a solid capital base to support its business activities.
Peer comparison
Dec 31, 2024