Biogen Inc (BIIB)

Debt-to-assets ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Long-term debt	US$ in thousands	6,788,200	6,567,300	7,567,300	7,500,000	6,000,000
Total assets	US$ in thousands	26,844,800	24,554,100	23,877,300	24,618,900	27,234,300
Debt-to-assets ratio		0.25	0.27	0.32	0.30	0.22

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $6,788,200K ÷ $26,844,800K
= 0.25

The debt-to-assets ratio of Biogen Inc has remained relatively stable over the past five years, ranging between 0.22 and 0.30. This ratio indicates the proportion of the company's assets that are financed through debt. A lower ratio suggests that the company relies less on debt to fund its operations and investments, indicating a lower financial risk.

With Biogen Inc consistently maintaining a debt-to-assets ratio below 0.30, it demonstrates a conservative approach to managing its financial leverage. This could be viewed positively by investors and creditors as it implies a lower risk of potential financial distress or default. However, it is essential to consider other factors such as the company's overall financial health and industry trends to gain a holistic understanding of its debt management strategy.