Align Technology Inc (ALGN)

Debt-to-assets 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	Mar 31, 2019
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total assets	US$ in thousands	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	2,500,700	2,350,380	2,346,020	2,234,430
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, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $6,083,880K
= 0.00

Based on the data provided, Align Technology, Inc. has consistently reported a debt-to-assets ratio of 0.00 across all quarters for the years 2022 and 2023. A debt-to-assets ratio of 0.00 indicates that the company has no debt in relation to its total assets in each quarter. This implies that Align Technology, Inc. relies solely on equity financing to fund its operations and investments, without incurring any debt obligations.

A debt-to-assets ratio of 0.00 is generally considered favorable, as it suggests a low financial risk and a strong financial position for the company. It implies that Align Technology, Inc. does not have significant financial leverage that could potentially impact its ability to meet debt obligations or face financial distress.

Overall, the consistent debt-to-assets ratio of 0.00 for Align Technology, Inc. reflects a conservative financial management approach, where the company has maintained a debt-free capital structure while utilizing its assets effectively to generate revenue and profitability. This financial strength may provide the company with flexibility and stability in managing its operations and pursuing growth opportunities.