Align Technology Inc (ALGN)

Debt-to-capital ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Long-term debt	US$ in thousands	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	3,851,980	3,630,490	3,601,360	3,622,710	3,233,860
Debt-to-capital ratio		0.00	0.00	0.00	0.00	0.00

December 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $3,851,980K)
= 0.00

The debt-to-capital ratio for Align Technology Inc has remained consistently at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt financing as a component of its capital structure during this period. A debt-to-capital ratio of 0.00 suggests that the company's capital is entirely derived from equity rather than debt, which can be viewed positively as it signifies lower financial risk and a potentially strong financial position. It implies that the company may not be relying on debt to fund its operations or growth, possibly indicating financial stability and effective management of capital resources.