Xpel Inc (XPEL)
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 | 225,455 | 179,989 | 124,722 | 84,462 | 53,383 |
| 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 + $225,455K)
= 0.00
The debt-to-capital ratio of Xpel Inc has remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt in its capital structure during this period. A debt-to-capital ratio of 0.00 signifies that the company's capital is entirely funded by equity, indicating a conservative financial approach with no reliance on debt financing for its operations or expansion. This can be viewed positively by investors and creditors as it signifies a lower financial risk and a stronger financial position for the company. However, it's important to note that a debt-to-capital ratio of 0.00 may also imply missed opportunities for leveraging debt to optimize capital structure and potentially enhance returns for shareholders. Overall, Xpel Inc's consistent 0.00 debt-to-capital ratio reflects its strong financial standing and prudent debt management practices.