Cognex Corporation (CGNX)
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 | 1,992,850 | 2,017,810 | 1,958,140 | 2,003,660 | 1,800,700 |
| 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 ÷ $1,992,850K
= 0.00
The debt-to-assets ratio for Cognex Corporation has consistently been 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt to finance its assets during this period. A debt-to-assets ratio of 0.00 signifies that the company's assets are entirely funded by equity, which can be seen as a positive indicator of financial stability and lower financial risk. Cognex Corporation's ability to operate without resorting to debt for asset financing suggests a strong financial position and effective management of its capital structure.
Peer comparison
Dec 31, 2024
Company name
Symbol
Debt-to-assets ratio
Cognex Corporation
CGNX
0.00
Ametek Inc
AME
0.13
Danaher Corporation
DHR
0.20
Fortive Corp
FTV
0.20
Keysight Technologies Inc
KEYS
0.19
Mesa Laboratories Inc
MLAB
0.38
MKS Instruments Inc
MKSI
0.54
Roper Technologies, Inc.
ROP
0.21
Sensata Technologies Holding NV
ST
0.44