Harmony Biosciences Holdings (HRMY)

Debt-to-assets ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Long-term debt	US$ in thousands	178,566	189,647	189,984	194,250
Total assets	US$ in thousands	811,448	673,870	433,443	427,074
Debt-to-assets ratio		0.22	0.28	0.44	0.45

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $178,566K ÷ $811,448K
= 0.22

The debt-to-assets ratio of Harmony Biosciences Holdings Inc has shown a declining trend over the past four years, indicating a strengthening financial position in terms of debt management and asset coverage. The ratio decreased from 0.45 in 2020 to 0.24 in 2023. This suggests that the company has been able to reduce its debt relative to its total assets over the period, which is generally viewed positively by investors and creditors. Lower debt-to-assets ratios indicate lower financial risk and a healthier balance sheet. It appears that Harmony Biosciences Holdings Inc has been effectively managing its debt levels in relation to its asset base, which is a positive signal for the company's overall financial health and stability.