Fulgent Genetics Inc (FLGT)

Debt-to-assets ratio

Dec 31, 2024 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
Long-term debt US$ in thousands — — — — — — — — — — — — — — — — — — — —
Total assets US$ in thousands 1,219,960 1,233,760 1,232,240 1,229,880 1,273,110 1,358,400 1,354,580 1,376,770 1,386,050 1,405,780 1,461,660 1,465,590 1,278,720 1,204,670 1,049,860 999,083 700,461 247,311 95,915 89,325
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

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 remained at 0.00 from March 31, 2020, to December 31, 2024. This indicates that the company has not used debt as a source of financing to acquire its assets during this period. A debt-to-assets ratio of 0.00 suggests that all of the company's assets are financed by equity, implying a lower financial risk as there is no debt to repay. It also indicates a strong financial position and liquidity, as the company does not have significant debt obligations that could strain its cash flows or operations. Overall, the stable and low debt-to-assets ratio reflects Fulgent Genetics Inc's prudent financial management and conservative approach to leverage.