Charles River Laboratories (CRL)
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 | 8,195,000 | 7,602,770 | 7,024,290 | 5,490,830 | 4,692,790 |
| 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 ÷ $8,195,000K
= 0.00
The debt-to-assets ratio for Charles River Laboratories has consistently been 0.00 over the past five years, indicating that the company has not utilized debt to finance its operations or investments during this period. A debt-to-assets ratio of 0.00 implies that all of the company's assets are funded by equity rather than debt, which can be viewed as a positive indicator of financial stability and low financial risk. It suggests that Charles River Laboratories has been able to effectively manage its operations and growth without resorting to borrowing, potentially reducing the company's interest expenses and financial vulnerability to economic downturns. Furthermore, a consistent debt-to-assets ratio of 0.00 may reflect positively on the company's creditworthiness and investment attractiveness to stakeholders, showcasing prudent financial management practices.
Peer comparison
Dec 31, 2023