Azenta Inc (AZTA)
Debt-to-assets ratio
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | 49,677 | 49,588 |
| Total assets | US$ in thousands | 2,100,040 | 2,885,720 | 3,716,120 | 1,819,510 | 1,559,260 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.03 | 0.03 |
September 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $2,100,040K
= 0.00
The debt-to-assets ratio for Azenta Inc has been consistent at 0.00 for the last three years, indicating that the company has not used any debt to finance its assets during this period. This could be a positive sign, suggesting strong financial stability and a lower risk of default. In contrast, in 2021 and 2020, the company had a debt-to-assets ratio of 0.03, implying that a small portion of the company's assets was financed through debt in those years. It is important to note that having a low or zero debt-to-assets ratio does not necessarily mean a company is better off, as it may indicate missed opportunities for growth or lack of leverage. Additionally, the consistency of the ratio over the years may suggest a deliberate strategic choice by Azenta Inc to maintain a debt-free capital structure.
Peer comparison
Sep 30, 2024