Azenta Inc (AZTA)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,768,970 | 2,534,500 | 3,363,390 | 1,325,330 | 1,213,610 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.04 | 0.04 |
September 30, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,768,970K)
= 0.00
The debt-to-capital ratio of Azenta Inc has remained stable at 0.00 for the past three years, indicating that the company has not used any debt financing to fund its operations relative to its total capital structure. This suggests that Azenta Inc has been relying solely on equity to finance its activities, which can be a positive sign of financial stability and a lower risk of default. However, the slight increase in the ratio from 0.00 in 2020 to 0.04 in 2021 signifies a small amount of debt relative to total capital, which could indicate a shift in the company's financing strategy. Further monitoring of this trend is recommended to assess the impact on the company's financial health and risk profile.
Peer comparison
Sep 30, 2024