ADMA Biologics Inc (ADMA)
Debt-to-capital 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 | ||
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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 stockholders’ equity | US$ in thousands | 349,018 | 231,890 | 188,269 | 153,706 | 135,206 | 151,437 | 146,762 | 145,655 | 151,974 | 100,385 | 114,401 | 126,933 | 141,173 | 102,780 | 111,594 | 112,504 | 88,249 | 71,376 | 76,879 | 96,336 |
Debt-to-capital ratio | 0.17 | 0.30 | 0.41 | 0.46 | 0.49 | 0.48 | 0.49 | 0.50 | 0.48 | 0.58 | 0.55 | 0.52 | 0.40 | 0.48 | 0.46 | 0.45 | 0.51 | 0.58 | 0.56 | 0.50 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $72,337K ÷ ($72,337K + $349,018K)
= 0.17
The debt-to-capital ratio of ADMA Biologics Inc has fluctuated over the past several years based on the provided data. The ratio ranged between 0.30 and 0.58 during the period from March 31, 2020, to December 31, 2024. Notably, there was a decreasing trend from December 31, 2024, where the ratio was at its lowest point of 0.17.
A debt-to-capital ratio indicates the proportion of a company's capital that is financed through debt. A lower ratio suggests a lower reliance on debt financing, which can be seen as a positive indicator of financial health and stability. Conversely, a higher ratio may indicate higher financial risk due to increased debt levels in the capital structure.
In the case of ADMA Biologics Inc, the fluctuations in the debt-to-capital ratio over time may reflect changes in the company's debt levels and overall capital structure. Further analysis and comparison with industry benchmarks or historical data could provide more insights into the company's leverage and financial risk profile.
Peer comparison
Dec 31, 2024