BioLife Solutions Inc (BLFS)

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	4,997	17,561	23,793	6,353	655
Total assets	US$ in thousands	399,487	412,714	450,229	554,286	234,829
Debt-to-assets ratio		0.01	0.04	0.05	0.01	0.00

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $4,997K ÷ $399,487K
= 0.01

Based on the provided data, BioLife Solutions Inc's debt-to-assets ratio has shown fluctuations over the years. As of December 31, 2020, the company had no debt relative to its total assets, resulting in a ratio of 0.00.

However, by December 31, 2021, there was a slight increase in the debt-to-assets ratio to 0.01, indicating a minimal level of debt compared to its total assets. The ratio further increased to 0.05 by December 31, 2022, signaling a larger proportion of debt in relation to the company's assets.

Subsequently, the ratio decreased to 0.04 by December 31, 2023, suggesting a slight reduction in the company's debt relative to its total assets. Lastly, as of December 31, 2024, the debt-to-assets ratio fell back to 0.01, indicating a similar level to that of 2021.

Overall, the trend in BioLife Solutions Inc's debt-to-assets ratio reflects variability in the company's capital structure and its ability to manage debt levels in relation to its asset base over the specified period.