Align Technology Inc (ALGN)

Debt-to-equity 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-equity ratio		0.00	0.00	0.00	0.00	0.00

December 31, 2024 calculation

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

Based on the data provided, Align Technology Inc has consistently maintained a debt-to-equity ratio of 0.00 from December 31, 2020, to December 31, 2024. A debt-to-equity ratio of 0.00 indicates that the company has no debt in relation to its equity during these periods. This implies that Align Technology has been primarily relying on its equity financing to fund its operations and expansions rather than taking on debt. This conservative approach to capital structure can signify financial stability and a lower risk profile, as the company is not overly leveraged. Additionally, a debt-to-equity ratio of 0.00 could also suggest that investors and creditors may perceive Align Technology as a less risky investment due to its minimal debt obligations. Overall, the consistent maintenance of a low debt-to-equity ratio reflects positively on Align Technology's financial health and management of capital structure.