Xpel Inc (XPEL)
Debt-to-equity ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 225,455 | 218,727 | 201,911 | 186,423 | 179,989 | 166,553 | 153,308 | 136,757 | 124,722 | 114,953 | 103,077 | 92,240 | 84,462 | 78,407 | 70,432 | 60,020 | 53,383 | 46,427 | 39,399 | 34,982 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $225,455K
= 0.00
Based on the provided data, the debt-to-equity ratio of Xpel Inc has consistently been at 0.00 from March 31, 2020, to December 31, 2024. A debt-to-equity ratio of 0.00 indicates that the company has no debt or has very minimal debt compared to its equity. This suggests that Xpel Inc has been relying more on equity financing rather than debt financing to support its operations and growth.
A lower debt-to-equity ratio is generally considered favorable as it signifies lower financial risk and indicates that the company is more conservatively financed. In this case, Xpel Inc's consistent 0.00 debt-to-equity ratio over the years indicates a strong financial position and stability in its capital structure. This may also indicate that the company has sufficient internal resources or profitability to fund its operations and expansion without relying heavily on external debt.
Overall, a debt-to-equity ratio of 0.00 for Xpel Inc reflects a strong financial position, minimal financial risk, and a conservative approach to its capital structure.