Catalent Inc (CTLT)
Debt-to-assets ratio
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 9,708,000 | 9,753,000 | 9,879,000 | 9,988,000 | 10,023,000 | 10,777,000 | 10,830,000 | 11,148,000 | 10,206,000 | 10,508,000 | 10,322,000 | 10,203,000 | 10,183,000 | 9,112,000 | 8,769,100 | 8,198,100 | 7,984,200 | 7,777,000 | 7,079,600 | 6,195,300 |
| 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 |
September 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $9,708,000K
= 0.00
The debt-to-assets ratio for Catalent Inc has consistently been 0.00 over the past 20 quarters, indicating that the company has not had any long-term debt relative to its total assets during this period. A debt-to-assets ratio of 0.00 suggests that the company has been funding its operations primarily through equity or other sources of financing rather than taking on debt. This may imply a lower financial risk for the company as it does not have significant debt obligations to service, potentially resulting in more financial flexibility. However, it is important to note that a very low debt-to-assets ratio may also indicate underutilization of debt financing opportunities that could potentially enhance the company's returns on equity.
Peer comparison
Sep 30, 2024