Hologic Inc (HOLX)
Debt-to-assets ratio
| 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 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 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 | 2,791,600 | 2,799,700 |
| Total assets | US$ in thousands | 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 | 6,522,400 | 6,525,300 |
| Debt-to-assets ratio | 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 | 0.43 | 0.43 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,522,700K ÷ $8,469,500K
= 0.30
The debt-to-assets ratio for Hologic Inc has remained relatively stable over the past few quarters, ranging between 0.28 and 0.44. A lower debt-to-assets ratio indicates that the company relies less on debt financing to fund its operations and investments, which can be considered favorable as it signifies lower financial risk and greater financial stability.
Hologic Inc's debt-to-assets ratio of around 0.30 to 0.33 in the recent quarters suggests that a significant portion of the company's assets is financed by debt, but it is still within a reasonable range. It indicates that the company has a moderate level of debt compared to its total assets, which may not be perceived as overly risky.
Although there was a slight increase in the ratio in the last few quarters, the overall trend does not indicate a significant cause for concern in terms of debt levels. Investors and stakeholders may find this stable debt-to-assets ratio reassuring, as it suggests a balanced approach to capital structure management by Hologic Inc. However, continued monitoring of the trend is advisable to ensure that the company maintains a healthy balance between debt and assets over time.
Peer comparison
Dec 31, 2023