Xpel Inc (XPEL)
Debt-to-assets ratio
| 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 | 19,317 | 0 | 13,000 | 28,000 | 26,000 | 26,000 | 32,000 | 33,000 | 25,076 | 155 | 239 | 2,917 | 3,568 | 4,193 | 4,819 | 6,853 |
| Total assets | US$ in thousands | 252,041 | 226,776 | 216,661 | 207,667 | 193,362 | 188,258 | 189,056 | 188,261 | 161,015 | 124,403 | 105,373 | 95,339 | 83,840 | 76,197 | 68,173 | 61,691 |
| Debt-to-assets ratio | 0.08 | 0.00 | 0.06 | 0.13 | 0.13 | 0.14 | 0.17 | 0.18 | 0.16 | 0.00 | 0.00 | 0.03 | 0.04 | 0.06 | 0.07 | 0.11 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $19,317K ÷ $252,041K
= 0.08
The debt-to-assets ratio of XPEL Inc has been fluctuating over the past eight quarters. In Q2 2022, the ratio was at its highest at 0.17, indicating that 17% of the company's assets were financed by debt. This was followed by a slight increase in Q3 2022 to 0.14, before peaking again in Q4 2022 at 0.13.
However, the trend reversed in the following quarters of 2023. The ratio dropped significantly to 0.00 in Q3 2023, indicating that the company had no debt relative to its assets. This was followed by a slight increase to 0.06 in Q2 2023, before rising to 0.08 in Q4 2023.
Overall, the debt-to-assets ratio of XPEL Inc shows fluctuations over the analyzed period, with a general trend of decreasing debt relative to assets in 2023 compared to 2022. This may suggest that the company is managing its debt levels more efficiently or utilizing alternative financing methods. However, it is important to continue monitoring this ratio to assess the company's financial health and risk exposure.