Azenta Inc (AZTA)
Debt-to-capital ratio
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | 49,702 | 49,677 | 49,651 | 49,653 | 49,629 | 49,588 | 49,563 | 49,951 | 49,918 |
| Total stockholders’ equity | US$ in thousands | 1,768,970 | 1,990,400 | 2,222,870 | 2,443,660 | 2,534,500 | 2,723,500 | 2,895,230 | 2,871,390 | 3,363,390 | 3,427,790 | 3,464,980 | 1,367,420 | 1,325,330 | 1,307,830 | 1,266,030 | 1,252,150 | 1,213,610 | 1,174,850 | 1,161,130 | 1,158,700 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 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 for Azenta Inc has been consistently low at 0.00% for the past several quarters, indicating that the company has not used debt as a significant source of capital in its capital structure. However, in the most recent quarter, the ratio increased slightly to 0.04%, suggesting a small amount of debt relative to the total capital employed by the company. This slight increase may signify a change in the company's financing strategy towards utilizing some level of debt to support its operations or growth initiatives. Overall, Azenta Inc's debt-to-capital ratio has been well-managed and remains at a low level, demonstrating a conservative approach to capital structure.
Peer comparison
Sep 30, 2024