Azenta Inc (AZTA)
Debt-to-assets 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 | — | — | — | — | — | — | — | — | 49,702 | 49,677 | 49,651 | 49,653 | 49,629 | 49,588 | 49,563 | 49,951 | 49,918 | 50,315 | 534,748 | 535,384 |
| Total assets | US$ in thousands | 2,824,310 | 2,885,720 | 3,069,420 | 3,249,810 | 3,292,420 | 3,716,120 | 3,722,720 | 4,159,050 | 1,854,940 | 1,819,510 | 1,763,260 | 1,664,100 | 1,614,730 | 1,559,260 | 1,503,920 | 1,479,330 | 1,558,960 | 1,516,000 | 1,492,860 | 1,487,880 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.36 | 0.36 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $2,824,310K
= 0.00
The debt-to-assets ratio for Azenta Inc has consistently been at 0.00 across all the quarters provided in the table. This indicates that the company has not used any debt to finance its assets during this period. A debt-to-assets ratio of 0.00 implies that the company's total assets are entirely financed by equity, indicating a low financial risk and a strong financial position. The consistent 0.00 ratio suggests that Azenta Inc has been relying solely on equity financing to support its operations and expansion, which may be a favorable sign to investors and creditors in terms of financial stability and solvency.
Peer comparison
Dec 31, 2023