Quest Diagnostics Incorporated (DGX)
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 | 16,153,000 | 14,022,000 | 12,837,000 | 13,611,000 | 14,026,000 |
| 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 ÷ $16,153,000K
= 0.00
The debt-to-assets ratio of Quest Diagnostics Incorporated has consistently been reported as 0.00 for the years spanning from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt financing to acquire assets during this period, or that its total debt is negligible in comparison to its total assets. A debt-to-assets ratio of 0.00 suggests that Quest Diagnostics has a strong financial position, as it implies minimal financial risk associated with debt obligations in relation to its asset base. This could indicate financial stability, robust operational performance, and effective management of capital structure by the company.
Peer comparison
Dec 31, 2024