Biogen Inc (BIIB)

Debt-to-assets ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Long-term debt	US$ in thousands	4,547,200	6,788,200	6,567,300	7,567,300	7,500,000
Total assets	US$ in thousands	28,049,300	26,844,800	24,554,100	23,877,300	24,618,900
Debt-to-assets ratio		0.16	0.25	0.27	0.32	0.30

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $4,547,200K ÷ $28,049,300K
= 0.16

The debt-to-assets ratio of Biogen Inc has shown a declining trend over the years, indicating a decreasing reliance on debt to finance its operations and investments. The ratio decreased from 0.30 in December 31, 2020 to 0.16 in December 31, 2024. This implies that, for every dollar of assets, the company had $0.30 of debt in 2020, which reduced to $0.16 in 2024. A lower debt-to-assets ratio signifies a stronger financial position and lower financial risk for the company, as it indicates a higher proportion of assets are funded through equity rather than debt. Overall, the decreasing trend suggests that Biogen Inc has been effectively managing its debt levels and optimizing its capital structure to enhance financial stability.