Hologic Inc (HOLX)
Debt-to-assets ratio
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 2,497,100 | 2,531,200 | 2,808,400 | 2,712,200 | 2,713,900 |
| Total assets | US$ in thousands | 9,156,000 | 9,139,300 | 9,071,200 | 8,919,900 | 7,195,800 |
| Debt-to-assets ratio | 0.27 | 0.28 | 0.31 | 0.30 | 0.38 |
September 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,497,100K ÷ $9,156,000K
= 0.27
Hologic Inc's debt-to-assets ratio has shown a declining trend over the past five years, indicating a lower reliance on debt to finance its assets. The ratio decreased from 0.38 in September 2020 to 0.27 in September 2024. This suggests that the company has been effectively managing its debt levels relative to its total assets. A lower debt-to-assets ratio generally indicates a lower financial risk for the company, as it implies less reliance on borrowed funds to support its operations and investments. Overall, the decreasing trend in the debt-to-assets ratio for Hologic Inc reflects a healthier financial position and a stronger balance sheet.
Peer comparison
Sep 30, 2024