Azenta Inc (AZTA)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 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 | 1,138,950 | 738,126 | 729,911 |
| Debt-to-equity ratio | 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 | 0.04 | 0.72 | 0.73 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $2,443,660K
= 0.00
Based on the historical data provided, Azenta Inc has consistently maintained a debt-to-equity ratio of 0.00 across all quarters from Q2 2022 to Q1 2024. This indicates that the company has been operating with no debt relative to its equity during this period. A debt-to-equity ratio of 0.00 suggests that the company has been financing its operations primarily through equity or retained earnings, rather than taking on debt. This can be seen as a positive sign of financial health and stability, as it implies a lower financial risk and potential for financial distress due to debt obligations. However, it is important to note that a zero debt-to-equity ratio may also indicate underutilization of leverage and potential missed opportunities for growth or tax benefits associated with debt financing. As such, Azenta Inc's consistent zero debt-to-equity ratio warrants further analysis to understand the company's capital structure decisions and overall financial strategy.
Peer comparison
Dec 31, 2023