Hims Hers Health Inc (HIMS)
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 | 707,539 | 441,186 | 366,341 | 420,585 | 118,697 |
| 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 ÷ $707,539K
= 0.00
The debt-to-assets ratio of Hims Hers Health Inc has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt as a significant source of financing its assets during this period. A lower debt-to-assets ratio signifies a lower financial risk as the company is not highly leveraged. It suggests that the company relies more on equity to finance its operations and investments, which may be viewed positively by investors and creditors. This financial stability can potentially enhance the company's ability to weather economic downturns and maintain strong financial health in the long term.
Peer comparison
Dec 31, 2024