Catalent Inc (CTLT)
Debt-to-assets ratio
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 9,753,000 | 10,777,000 | 10,508,000 | 9,112,000 | 7,777,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
June 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $9,753,000K
= 0.00
Based on the data provided for Catalent Inc's debt-to-assets ratio over the past five years, we observe a consistent ratio of 0.00 for each year. A debt-to-assets ratio of 0.00 indicates that the company has no financial leverage and is not utilizing debt to finance its assets during these periods. This suggests that Catalent Inc has been predominantly funding its operations and investments through equity and retained earnings rather than relying on borrowed funds. While this can signify financial stability and lower financial risk in terms of debt obligations, it may also indicate missed opportunities for leveraging debt to potentially enhance returns. Further analysis beyond the ratios is recommended to assess the overall financial health and strategy of Catalent Inc.
Peer comparison
Jun 30, 2024