Fulgent Genetics Inc (FLGT)

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 1,219,960 1,235,330 1,386,050 1,278,720 700,461
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 ÷ $1,219,960K
= 0.00

The debt-to-assets ratio for Fulgent Genetics Inc has consistently been 0.00 throughout the years 2020 to 2024. This indicates that the company has had no debt in relation to its total assets during this period. A debt-to-assets ratio of 0.00 suggests that Fulgent Genetics Inc has been financing its operations primarily through equity rather than debt. This may indicate a strong financial position and lower financial risk for the company as it is not relying on borrowed funds to support its operations. However, it is important to note that a low debt-to-assets ratio may also imply a missed opportunity to leverage debt for potential growth and expansion.