BioLife Solutions Inc (BLFS)

Debt-to-assets ratio

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Long-term debt	US$ in thousands	18,311	20,937	23,572	23,692	23,793	24,207	6,188	6,313	6,353	6,122	5,019	916	655	—	—	—	—	—	—	—
Total assets	US$ in thousands	412,714	411,152	433,177	446,470	450,229	488,020	470,681	544,279	554,286	559,391	520,969	240,024	234,829	195,887	113,970	94,987	92,816	83,789	51,303	48,073
Debt-to-assets ratio		0.04	0.05	0.05	0.05	0.05	0.05	0.01	0.01	0.01	0.01	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	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 remained relatively low and stable over the past several quarters, ranging from 0.00 to 0.05. This ratio indicates that the company relies minimally on debt financing to fund its operations and investments compared to its total assets. With the ratio consistently below 0.1, BioLife Solutions Inc appears to have a conservative debt structure, potentially reducing financial risk and enhancing financial flexibility. It suggests that the company may be managing its debt levels prudently and maintaining a healthy balance sheet.

Peer comparison

Dec 31, 2023

Company name

Symbol

Debt-to-assets ratio

BioLife Solutions Inc

BLFS

0.04