STAAR Surgical Company (STAA)
Debt-to-capital ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 385,954 | 336,112 | 261,568 | 197,222 | 159,884 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $385,954K)
= 0.00
The debt-to-capital ratio for STAAR Surgical Company has been consistently at 0.00 for the past five years, from 2019 to 2023. This indicates that the company has not used any debt to finance its operations during this period. A debt-to-capital ratio of 0.00 signifies that the company's capital structure is primarily equity-financed, which may suggest a lower financial risk as there is no debt repayment obligation. However, it's important to note that having no debt in the capital structure may limit financial flexibility and potential tax advantages. Overall, STAAR Surgical Company's consistent debt-to-capital ratio of 0.00 demonstrates a conservative approach to capital structure management.
Peer comparison
Dec 31, 2023