ANI Pharmaceuticals Inc (ANIP)

Debt-to-assets ratio

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Long-term debt US$ in thousands — — — — —
Total assets US$ in thousands 1,283,700 904,422 760,087 771,598 461,190
Debt-to-assets ratio 0.00 0.00 0.00 0.00 0.00

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,283,700K
= 0.00

The debt-to-assets ratio for ANI Pharmaceuticals Inc has consistently been 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has no debt relative to its total assets across these years. A low or zero debt-to-assets ratio is generally considered favorable as it suggests that the company is not highly leveraged and has a lower risk of financial distress. ANI Pharmaceuticals Inc's consistent low debt-to-assets ratio reflects a strong financial position and stability in managing its debt levels relative to its asset base.