Hologic Inc (HOLX)
Debt-to-assets ratio
| Sep 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 2,497,100 | 2,514,100 | 2,522,700 | 2,531,200 | 2,789,300 | 2,797,700 | 2,806,200 | 2,808,400 | 2,814,600 | 2,813,400 | 2,819,600 | 2,712,200 | 2,654,700 | 2,672,100 | 2,689,500 | 2,713,900 | 2,731,300 | 2,749,300 | 2,769,400 | 2,783,600 |
| Total assets | US$ in thousands | 9,156,000 | 8,714,400 | 8,469,500 | 9,139,300 | 9,337,900 | 9,448,700 | 9,290,300 | 9,071,200 | 9,357,400 | 9,514,500 | 9,285,100 | 8,919,900 | 8,590,600 | 8,044,000 | 7,550,700 | 7,195,800 | 6,803,100 | 6,821,800 | 6,311,900 | 6,442,100 |
| Debt-to-assets ratio | 0.27 | 0.29 | 0.30 | 0.28 | 0.30 | 0.30 | 0.30 | 0.31 | 0.30 | 0.30 | 0.30 | 0.30 | 0.31 | 0.33 | 0.36 | 0.38 | 0.40 | 0.40 | 0.44 | 0.43 |
September 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,497,100K ÷ $9,156,000K
= 0.27
The debt-to-assets ratio of Hologic Inc has shown a relatively stable trend over the past few years, fluctuating between 0.27 and 0.44. This ratio indicates the proportion of the company's assets that are financed by debt, with a lower ratio implying less reliance on debt financing.
From December 2019 to March 2020, the debt-to-assets ratio increased from 0.44 to 0.38, before peaking at 0.40 in June 2020. Subsequently, the ratio decreased to 0.30 by March 2022 before gradually increasing to 0.30 in September 2024.
Overall, the trend suggests that Hologic Inc has managed its debt levels relative to its assets effectively, maintaining a moderate level of debt financing without becoming overly leveraged. The stability in the ratio indicates a balanced approach to financing its operations and investments.
Peer comparison
Sep 30, 2024