Cytek Biosciences Inc (CTKB)

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 499,500 494,457 519,476 463,700 219,979
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 ÷ $499,500K
= 0.00

The debt-to-assets ratio of Cytek Biosciences Inc has consistently been at 0.00 for the years 2020, 2021, 2022, 2023, and 2024. This indicates that the company has no debt in relation to its total assets during these years. A debt-to-assets ratio of 0.00 signifies that the company's assets are entirely financed by equity rather than debt, showing a strong financial position in terms of solvency and risk management.