Charles River Laboratories (CRL)
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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 8,195,000 | 7,607,010 | 7,772,380 | 7,699,440 | 7,602,770 | 7,382,770 | 7,529,360 | 7,075,050 | 7,024,290 | 7,058,440 | 6,720,350 | 5,808,960 | 5,490,830 | 5,213,340 | 5,240,880 | 5,201,790 | 4,692,790 | 4,582,560 | 4,625,480 | 3,926,640 |
| 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, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $8,195,000K
= 0.00
Based on the provided data, Charles River Laboratories has consistently maintained a debt-to-assets ratio of 0.00 across all quarters for the past five years. A debt-to-assets ratio of 0.00 indicates that the company has no debt in relation to its total assets, suggesting a strong financial position with no significant financial leverage. This implies that the company is financing its operations primarily through equity rather than debt. While a low or zero debt-to-assets ratio can be beneficial in terms of financial stability and risk management, it's also important to consider the potential impact on returns to shareholders and the company's ability to leverage debt for growth opportunities. Overall, a consistent 0.00 debt-to-assets ratio may reflect Charles River Laboratories' conservative financial strategy and strong balance sheet position.
Peer comparison
Dec 31, 2023