Azenta Inc (AZTA)
Debt-to-assets ratio
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | 49,677 | 49,588 | 50,315 |
| Total assets | US$ in thousands | 2,885,720 | 3,716,120 | 1,819,510 | 1,559,260 | 1,516,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.03 | 0.03 | 0.03 |
September 30, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $2,885,720K
= 0.00
The debt-to-assets ratio of Azenta Inc has remained constant at 0.00 from September 30, 2022, to September 30, 2023. This indicates that the company has not utilized any debt to finance its assets during this period. In the previous years, from 2020 to 2021, the company had a consistent debt-to-assets ratio of 0.03, suggesting that 3% of its assets were financed by debt. The stable ratio over the years suggests that Azenta Inc has been effectively managing its debt and maintaining a strong financial position with a low reliance on external borrowing to fund its operations and investments.
Peer comparison
Sep 30, 2023
Company name
Symbol
Debt-to-assets ratio
Azenta Inc
AZTA
0.00
Axcelis Technologies Inc
ACLS
0.00
Lam Research Corp
LRCX
0.24
Veeco Instruments Inc
VECO
0.22