Illumina Inc (ILMN)
Debt-to-equity 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-equity ratio | 0.26 | 0.23 | 0.16 | 0.14 | 0.25 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,489,000K ÷ $5,745,000K
= 0.26
The debt-to-equity ratio for Illumina Inc has fluctuated over the past five years, indicating changes in the company's capital structure. In 2023, the ratio decreased to 0.26 from 0.41 in 2022, suggesting a reduction in financial leverage and reliance on debt financing. This may signify improved financial stability and lower risk for the company.
The ratio in 2021 and 2019 was consistent at 0.25, indicating a relatively stable debt-to-equity structure during those years. However, in 2022, there was a significant decrease to 0.16, potentially indicating a decrease in the company's debt level or an increase in equity, which could have been influenced by various financial decisions or strategic initiatives.
Overall, the trend in Illumina Inc's debt-to-equity ratio depicts fluctuations but generally remains within reasonable levels, suggesting a prudent balance between debt and equity in the company's capital structure over the analyzed period.
Peer comparison
Dec 31, 2023