Fulgent Genetics Inc (FLGT)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 2,964 | 3,372 | — | — | — |
| Total assets | US$ in thousands | 1,235,330 | 1,386,050 | 1,278,720 | 700,461 | 88,756 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,964K ÷ $1,235,330K
= 0.00
The debt-to-assets ratio for Fulgent Genetics Inc has fluctuated over the past five years. In 2023 and 2019, the company had a debt-to-assets ratio of 0.00, indicating that the company had no debt relative to its total assets. In 2022 and 2020, the ratio increased to 0.01 and 0.02, respectively, suggesting a slight increase in leverage as a proportion of total assets. The highest level of leverage was observed in 2021 at 0.02, indicating that the company had a slightly higher level of debt relative to its total assets compared to the other years analyzed. Overall, the trend in the debt-to-assets ratio for Fulgent Genetics Inc shows relatively conservative financial leverage practices, with the company maintaining a low level of debt compared to its total assets.
Peer comparison
Dec 31, 2023