Align Technology Inc (ALGN)
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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 6,214,600 | 6,365,970 | 6,158,320 | 6,155,750 | 6,083,880 | 6,318,550 | 6,144,550 | 5,901,450 | 5,947,950 | 5,912,800 | 5,810,120 | 5,943,410 | 5,942,110 | 5,650,110 | 5,395,570 | 5,069,780 | 4,829,680 | 4,415,090 | 4,025,860 | 3,964,840 |
| Debt-to-assets 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-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $6,214,600K
= 0.00
The debt-to-assets ratio for Align Technology Inc has consistently remained at 0.00 for the periods from March 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt to finance its assets during these periods. A debt-to-assets ratio of 0.00 suggests that the company relies entirely on equity financing rather than debt, which can be viewed positively as it signifies a low financial risk and a strong financial position. Align Technology Inc's ability to maintain a debt-to-assets ratio of 0.00 demonstrates prudent financial management and a conservative approach to capital structure, potentially enhancing investor confidence in the company's stability and solvency.
Peer comparison
Dec 31, 2024