ADMA Biologics Inc (ADMA)
Debt-to-assets 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 | 72,337 | 101,326 | 131,074 | 130,847 | 130,594 | 142,026 | 140,312 | 144,301 | 142,833 | 141,366 | 139,811 | 138,423 | 94,866 | 94,363 | 93,877 | 93,413 | 92,969 | 97,044 | 96,574 | 96,129 |
Total assets | US$ in thousands | 488,678 | 390,618 | 376,399 | 350,875 | 329,182 | 348,997 | 343,027 | 340,788 | 348,461 | 300,558 | 296,932 | 308,032 | 276,253 | 238,640 | 232,814 | 235,667 | 207,673 | 189,976 | 191,542 | 210,524 |
Debt-to-assets ratio | 0.15 | 0.26 | 0.35 | 0.37 | 0.40 | 0.41 | 0.41 | 0.42 | 0.41 | 0.47 | 0.47 | 0.45 | 0.34 | 0.40 | 0.40 | 0.40 | 0.45 | 0.51 | 0.50 | 0.46 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $72,337K ÷ $488,678K
= 0.15
The debt-to-assets ratio of ADMA Biologics Inc has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The ratio started at 0.46 in March 2020, increased gradually to 0.51 by September 2020, then dipped to 0.40 by March 2021. From March 2021 to December 2021, the ratio decreased to 0.34, before rising again to 0.47 by June 2022. The ratio remained relatively stable around 0.40 from September 2022 to March 2024, indicating a moderate level of debt compared to total assets. However, a significant drop was seen by the end of December 2024, with the ratio plummeting to 0.15. This suggests a substantial decrease in debt relative to total assets, possibly indicating improved financial stability or a strategic shift in the capital structure of ADMA Biologics Inc.
Peer comparison
Dec 31, 2024