Bio-Rad Laboratories Inc (BIO)
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 | — | — | — | — | — |
| Total assets | US$ in thousands | 9,364,100 | 12,299,100 | 13,501,700 | 17,775,800 | 12,972,600 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $9,364,100K
= 0.00
The debt-to-assets ratio for Bio-Rad Laboratories Inc has consistently been 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has no debt in relation to its total assets during these periods. A low or zero debt-to-assets ratio suggests that the company may not rely heavily on debt financing to fund its operations and growth, which can be viewed positively by investors and creditors as it indicates lower financial risk and greater financial stability. However, it's important to consider other factors such as the nature of the industry and the company's future growth plans to have a more comprehensive understanding of its financial position.
Peer comparison
Dec 31, 2024