Align Technology Inc (ALGN)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 3,630,490 | 3,801,870 | 3,638,300 | 3,480,050 | 3,601,360 | 3,694,620 | 3,599,080 | 3,666,850 | 3,622,710 | 3,516,760 | 3,384,410 | 3,393,580 | 3,233,860 | 3,033,470 | 2,845,040 | 2,852,990 | 1,346,170 | 1,305,550 | 1,373,680 | 1,255,700 |
| Debt-to-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $3,630,490K
= 0.00
Based on the data provided, the debt-to-equity ratio of Align Technology, Inc. has consistently been reported as 0.00 across all quarters from Q1 2022 to Q4 2023. A debt-to-equity ratio of 0.00 indicates that the company has no debt relative to its equity during the specified periods. This suggests that Align Technology has been primarily financed through equity rather than debt, which could be seen as a positive indicator of financial health and stability. However, it is also important to consider that a low or zero debt-to-equity ratio may limit the company's financial flexibility and potential for leveraging debt to finance growth opportunities.
Peer comparison
Dec 31, 2023