Azenta Inc (AZTA)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.04 | 0.04 |
September 30, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,768,970K
= 0.00
The debt-to-equity ratio of Azenta Inc has remained consistently low at 0.00 for the past three years, indicating that the company has not used any debt to finance its operations and has relied solely on equity. This suggests a conservative financial strategy, reducing the company's financial risk and potential interest expenses. However, in the two years prior to the current period, the company had a slight debt presence with a ratio of 0.04, which indicates a small level of debt relative to equity. Overall, the trend of decreasing debt-to-equity ratios over the years reflects a prudent and stable capital structure maintained by Azenta Inc.
Peer comparison
Sep 30, 2024