BioLife Solutions Inc (BLFS)
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 | 18,311 | 23,793 | 6,353 | 655 | — |
| Total assets | US$ in thousands | 412,714 | 450,229 | 554,286 | 234,829 | 92,816 |
| Debt-to-assets ratio | 0.04 | 0.05 | 0.01 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $18,311K ÷ $412,714K
= 0.04
The debt-to-assets ratio of BioLife Solutions Inc has shown a general trend of increase over the past five years. In 2023, the ratio stands at 0.04, slightly higher than the previous year's ratio of 0.05. This indicates that the company's level of debt in relation to its total assets has decreased slightly, which may imply a healthier financial position with lower financial risk. However, it is important to note that the ratio is still relatively low, suggesting that the company relies more on equity financing rather than debt to support its operations and growth. Overall, the company appears to have a conservative approach to debt management, maintaining a stable and prudent financial structure.
Peer comparison
Dec 31, 2023