IDEXX Laboratories Inc (IDXX)

Debt-to-assets ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Long-term debt	US$ in thousands	—	—	—	—	—
Total assets	US$ in thousands	3,293,440	3,259,920	2,746,760	2,437,200	2,294,560
Debt-to-assets ratio		0.00	0.00	0.00	0.00	0.00

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $3,293,440K
= 0.00

The debt-to-assets ratio for IDEXX Laboratories Inc has consistently been 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt to finance its assets during this period. A debt-to-assets ratio of 0.00 signifies that the company's assets are entirely funded by equity, indicating a strong financial position and lower financial risk. It suggests that IDEXX Laboratories Inc has a conservative approach to financing and might have strong cash flows or retained earnings to support its asset base without relying on borrowed funds.