Fulgent Genetics Inc (FLGT)
Debt-to-equity ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 2,964 | — | — | — | 3,372 | — | — | — | — | 5,947 | 5,899 | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,136,100 | 1,258,700 | 1,259,760 | 1,264,450 | 1,266,680 | 1,277,050 | 1,304,760 | 1,306,130 | 1,158,750 | 1,036,780 | 912,729 | 801,566 | 569,387 | 186,955 | 87,043 | 81,372 | 82,777 | 54,526 | 51,142 | 49,961 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $2,964K ÷ $1,136,100K
= 0.00
The debt-to-equity ratio of Fulgent Genetics Inc has been consistently low over the past eight quarters, indicating a conservative capital structure with a minimal reliance on debt financing. The ratio remained at 0.00 in Q4 2023, Q3 2023, and Q2 2023, which suggests that the company has no debt obligations relative to its equity during these periods.
In Q1 2023, the debt-to-equity ratio slightly increased to 0.02, indicating a marginal increase in debt relative to equity. This trend was also observed in the previous quarters of Q4 2022, Q3 2022, Q2 2022, and Q1 2022, where the ratio consistently stood at 0.02.
Overall, the stable and low debt-to-equity ratio of Fulgent Genetics Inc reflects a prudent financial management approach that prioritizes equity financing and minimizes financial risk associated with high levels of debt. It suggests a strong financial position and the ability to fund operations and growth through internal resources rather than external borrowing.
Peer comparison
Dec 31, 2023