SPS Commerce Inc (SPSC)
Debt-to-equity ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 854,690 | 829,365 | 703,421 | 682,965 | 667,475 | 626,844 | 600,981 | 565,889 | 537,073 | 507,663 | 497,020 | 491,521 | 484,259 | 470,528 | 454,749 | 440,523 | 420,721 | 394,940 | 373,310 | 355,188 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 of SPS Commerce Inc has consistently remained at 0.00 for all quarters from March 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt to finance its operations and growth, relying entirely on equity financing instead. A debt-to-equity ratio of 0.00 typically signifies a conservative financial structure where the company is not burdened with significant debt obligations in relation to its equity. SPS Commerce Inc's consistent low debt-to-equity ratio may suggest a low financial risk and a strong financial position, as they are not highly leveraged and therefore may have more financial flexibility.
Peer comparison
Dec 31, 2024