IDEXX Laboratories Inc (IDXX)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,595,310K
= 0.00
The debt-to-equity ratio for IDEXX Laboratories Inc has consistently remained at 0.00 for the years 2020, 2021, 2022, 2023, and 2024. This indicates that the company has no debt or negligible debt compared to its equity during these years. A debt-to-equity ratio of 0.00 suggests that IDEXX Laboratories Inc is primarily using equity to finance its operations and growth, which could be considered a positive sign of financial stability and strength. It indicates a low financial risk due to minimal reliance on debt for funding, potentially allowing the company more flexibility in managing its financial obligations and pursuing strategic initiatives.
Peer comparison
Dec 31, 2024