IDEXX Laboratories Inc (IDXX)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,595,310 | 1,484,530 | 608,737 | 689,992 | 632,088 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,595,310K)
= 0.00
IDEXX Laboratories Inc has consistently maintained a debt-to-capital ratio of 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not used debt significantly to finance its operations or investments relative to its total capital. A low debt-to-capital ratio suggests that the company relies more on equity financing, which could imply a lower financial risk and greater financial stability. Overall, this stable and low debt-to-capital ratio reflects a conservative financial approach by IDEXX Laboratories Inc.
Peer comparison
Dec 31, 2024