Illumina Inc (ILMN)
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 | 1,490,000 | 1,489,000 | 1,487,000 | 1,695,000 | 673,000 |
| Total stockholders’ equity | US$ in thousands | 2,373,000 | 5,745,000 | 6,599,000 | 10,740,000 | 4,694,000 |
| Debt-to-equity ratio | 0.63 | 0.26 | 0.23 | 0.16 | 0.14 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,490,000K ÷ $2,373,000K
= 0.63
The debt-to-equity ratio of Illumina Inc has shown a gradual increase over the years, from 0.14 on December 31, 2020, to 0.63 on December 31, 2024. This indicates that the company has been relying more on debt financing relative to equity financing during this period. The increase in the ratio suggests a higher level of financial leverage, meaning that a larger portion of the company's assets is funded by debt rather than equity. It is important to closely monitor this trend to assess the company's ability to manage its debt levels and associated risks effectively.
Peer comparison
Dec 31, 2024