IDEXX Laboratories Inc (IDXX)

Debt-to-capital 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 stockholders’ equity US$ in thousands 1,595,310 1,618,050 1,580,250 1,568,910 1,484,530 1,297,410 1,093,860 841,101 608,737 475,999 457,008 639,798 689,992 754,754 747,460 702,696 632,088 440,576 272,963 107,674
Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,595,310K)
= 0.00

The debt-to-capital ratio for IDEXX Laboratories Inc has consistently remained at 0.00 across all quarters from March 31, 2020, to December 31, 2024. A debt-to-capital ratio of 0.00 indicates that the company has not utilized any debt to finance its operations relative to its total capital. This suggests that the company's capital structure is predominantly equity-funded, which can be viewed positively as it signifies lower financial risk and potentially better financial health. It also indicates that the company may have a strong ability to generate earnings to support its operations and growth without relying on external debt financing.


Peer comparison

Dec 31, 2024