Fulgent Genetics Inc (FLGT)

Debt-to-equity ratio

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Long-term debt US$ in thousands — — — — —
Total stockholders’ equity US$ in thousands 1,133,230 1,136,100 1,269,880 1,165,880 569,387
Debt-to-equity ratio 0.00 0.00 0.00 0.00 0.00

December 31, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,133,230K
= 0.00

The debt-to-equity ratio of Fulgent Genetics Inc for the years ending December 31, 2020 through December 31, 2024, remained consistently at 0.00. This indicates that the company did not have any financial debt during these periods in relation to its equity. A debt-to-equity ratio of 0.00 generally suggests that the company has not relied on borrowing to finance its operations, which can be considered a positive sign of financial stability and strength. However, it is essential to consider other financial metrics and factors to gain a more comprehensive understanding of the company's overall financial health and strategy.