Cognex Corporation (CGNX)
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 | — | — | — | — | — |
Total assets | US$ in thousands | 2,017,810 | 1,958,140 | 2,003,660 | 1,800,700 | 1,885,940 |
Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $2,017,810K
= 0.00
The debt-to-assets ratio for Cognex Corp. has remained at 0.00 for the past five years, indicating that the company has been operating with zero debt relative to its assets during this period. A debt-to-assets ratio of 0.00 suggests that the company has not utilized any debt financing to support its operations, and has relied solely on equity financing. This could indicate a conservative financial strategy, as the company is not exposed to the risks associated with debt such as interest payments and potential financial distress. Additionally, a low or zero debt-to-assets ratio might signal a strong financial position and creditworthiness to investors and creditors. However, it is important to note that while a zero debt-to-assets ratio may imply financial stability, it could also suggest underutilization of leverage which could potentially limit the company's growth opportunities. Further analysis of the company's capital structure and overall financial performance would provide more insights into the implications of the consistent 0.00 debt-to-assets ratio over the past five years.
Peer comparison
Dec 31, 2023