Xpel Inc (XPEL)
Debt-to-equity 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-equity ratio | 0.11 | 0.00 | 0.08 | 0.20 | 0.21 | 0.23 | 0.31 | 0.36 | 0.30 | 0.00 | 0.00 | 0.05 | 0.07 | 0.09 | 0.12 | 0.20 | 0.01 | 0.01 | 0.02 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $19,317K ÷ $179,989K
= 0.11
The debt-to-equity ratio of XPEL Inc has shown fluctuations over the past eight quarters. In Q4 2023, the ratio was 0.11, indicating that the company had relatively low debt compared to its equity. This was a significant improvement from the previous quarter, Q3 2023, where the ratio was 0.00, suggesting that the company had no debt at all and relied entirely on equity to finance its operations.
Looking further back, in Q2 2023, the debt-to-equity ratio was 0.08, indicating a moderate level of debt in relation to equity. However, in Q1 2023, the ratio increased to 0.20, signaling a higher level of debt compared to equity. Comparing these figures to the same quarters in the previous year, there has been a general trend of decreasing debt-to-equity ratios, indicating that the company has been gradually reducing its reliance on debt to fund its operations.
Overall, the company's debt-to-equity ratio has shown variability but has generally trended downwards over the past year, reflecting a more conservative capital structure. It is important to monitor this ratio closely to assess the company's financial health and risk profile.