Freshpet Inc (FRPT)
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 | 1,574,880 | 1,464,420 | 1,125,380 | 784,410 | 434,388 |
| 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 ÷ $1,574,880K
= 0.00
The debt-to-assets ratio for Freshpet Inc. as presented in the provided data is consistently recorded at 0.00 across all the given fiscal years, from December 31, 2020, through December 31, 2024. This indicates that, during this period, the company's total liabilities bear no relation to its total assets, suggesting an absence of debt financing and reliance solely on equity or retained earnings to fund its assets. The persistent zero ratio implies that Freshpet Inc. has maintained a debt-free capital structure over the observed years, which could reflect prudent financial management, a strategic choice to avoid leverage, or the company's ability to finance operations and growth through internal accruals or equity issuance. Such a minimal or nonexistent debt position generally reduces financial risk and interest expense obligations, contributing to a potentially more stable financial profile.
Peer comparison
Dec 31, 2024