IDEXX Laboratories Inc (IDXX)
Debt-to-assets ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 3,293,440 | 3,350,770 | 3,414,870 | 3,353,520 | 3,259,920 | 3,086,400 | 2,870,810 | 2,808,400 | 2,746,760 | 2,640,070 | 2,607,180 | 2,592,690 | 2,437,200 | 2,385,740 | 2,412,150 | 2,327,380 | 2,294,560 | 2,047,410 | 1,960,710 | 1,886,240 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 remained at 0.00 from March 31, 2020, to December 31, 2024. This indicates that the company has had no debt in relation to its total assets during this period. A debt-to-assets ratio of 0.00 signifies that IDEXX Laboratories Inc has financed its operations predominantly through equity rather than debt. This may imply a lower financial risk for the company as it is not highly leveraged and is not relying heavily on borrowed funds. It could also indicate strong financial stability and the ability to meet financial obligations without being burdened by interest payments.
Peer comparison
Dec 31, 2024