Cognex Corporation (CGNX)
Debt-to-assets ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 1,992,850 | 2,063,250 | 2,004,080 | 2,013,230 | 2,017,810 | 1,989,900 | 1,998,110 | 1,974,070 | 1,958,140 | 1,900,240 | 1,943,080 | 1,934,120 | 2,003,660 | 2,048,800 | 2,024,920 | 1,908,960 | 1,800,700 | 2,060,520 | 1,934,860 | 1,885,080 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 March 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, implying a low financial risk and a strong financial position. Cognex Corporation's consistent 0.00 debt-to-assets ratio reflects a conservative financial management strategy with little to no reliance on debt to support its asset base.
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