Illumina Inc (ILMN)
Debt-to-capital ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,489,000 | 1,487,000 | 1,695,000 | 673,000 | 1,141,000 |
| Total stockholders’ equity | US$ in thousands | 5,745,000 | 6,599,000 | 10,740,000 | 4,694,000 | 4,613,000 |
| Debt-to-capital ratio | 0.21 | 0.18 | 0.14 | 0.13 | 0.20 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,489,000K ÷ ($1,489,000K + $5,745,000K)
= 0.21
The debt-to-capital ratio of Illumina Inc has fluctuated over the past five years, ranging from 0.14 to 0.29. In recent years, the ratio has shown some variability, with a decrease from 0.29 in 2023 to 0.21 in 2023. This suggests that the company has effectively managed its debt levels in relation to its capital structure. A lower debt-to-capital ratio indicates a lower reliance on debt financing and a stronger financial position. However, it is important to note that the optimal debt-to-capital ratio can vary by industry and company strategy, so further analysis and comparison with industry peers may be necessary to fully evaluate Illumina Inc's debt management practices.
Peer comparison
Dec 31, 2023