Xpel Inc (XPEL)
Debt-to-capital 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 307 | 399 | 502 |
| Total stockholders’ equity | US$ in thousands | 179,989 | 166,553 | 153,308 | 136,757 | 124,722 | 114,953 | 103,077 | 92,242 | 84,462 | 78,407 | 70,432 | 60,020 | 53,382 | 46,427 | 39,399 | 34,982 | 35,062 | 30,247 | 25,881 |
| Debt-to-capital ratio | 0.10 | 0.00 | 0.08 | 0.17 | 0.17 | 0.18 | 0.24 | 0.26 | 0.23 | 0.00 | 0.00 | 0.05 | 0.06 | 0.08 | 0.11 | 0.16 | 0.01 | 0.01 | 0.02 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $19,317K ÷ ($19,317K + $179,989K)
= 0.10
The debt-to-capital ratio for XPEL Inc has experienced fluctuations over the past eight quarters. In Q1 2022, the ratio was at its highest level of 0.27, indicating that 27% of the company's capital was funded through debt. The ratio then decreased in the following quarters, with Q3 2023 showing the lowest ratio of 0.00, suggesting that the company was not relying on debt to fund its operations at that point.
Overall, the debt-to-capital ratio for XPEL Inc has been relatively low, fluctuating between 0.00 and 0.27 over the period analyzed. This indicates that the company has maintained a conservative approach to debt financing, with a significant portion of its capital being funded through equity. It is important for stakeholders to monitor this ratio to assess the company's leverage and financial risk.