Hims Hers Health Inc (HIMS)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 441,186 | 366,341 | 420,585 | 118,697 | 204,765 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $441,186K
= 0.00
The debt-to-assets ratio of Hims Hers Health Inc has consistently been 0.00 for the past five years, indicating that the company has not used any debt financing to fund its operations and investments. This implies that the company has relied solely on equity to finance its assets, which may suggest a conservative financial strategy with a lower risk of financial distress due to debt obligations. However, it is essential to note that a zero debt-to-assets ratio may also indicate missed opportunities for leveraging debt for potential growth or tax benefits. Overall, Hims Hers Health Inc's consistent low debt-to-assets ratio reflects a financial structure focused on equity financing.