Illumina Inc (ILMN)
Debt-to-equity 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 | 1,490,000 | 1,988,000 | 1,490,000 | 1,490,000 | 1,489,000 | 1,489,000 | 1,488,000 | — | 1,487,000 | — | — | — | 1,695,000 | — | — | — | 673,000 | 666,000 | 659,000 | 652,000 |
| Total stockholders’ equity | US$ in thousands | 2,373,000 | 2,125,000 | 1,436,000 | 5,734,000 | 5,745,000 | 5,898,000 | 6,555,000 | 6,693,000 | 6,599,000 | 6,731,000 | 10,444,000 | 10,895,000 | 10,740,000 | 10,593,000 | 5,180,000 | 4,922,000 | 4,694,000 | 4,700,000 | 4,563,000 | 4,635,000 |
| Debt-to-equity ratio | 0.63 | 0.94 | 1.04 | 0.26 | 0.26 | 0.25 | 0.23 | 0.00 | 0.23 | 0.00 | 0.00 | 0.00 | 0.16 | 0.00 | 0.00 | 0.00 | 0.14 | 0.14 | 0.14 | 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 for Illumina Inc has shown fluctuations over the years based on the provided data. The ratio remained relatively stable at 0.14 from March 2020 to December 2021. However, there was a significant decrease to 0.00 in the subsequent quarters until March 2022. This period of zero debt-to-equity ratio indicates that the company had no debt or minimal debt relative to its equity during this time.
From December 2022 onwards, there was an upward trend in the debt-to-equity ratio, reaching 1.04 in June 2024, before declining to 0.63 by December 2024. The increase in the ratio during this period suggests that Illumina Inc may have taken on more debt compared to its equity, which could have implications for its financial risk and leverage.
Overall, the analysis of the debt-to-equity ratio indicates fluctuations in Illumina Inc's capital structure over the years, highlighting periods of low debt levels relative to equity, as well as phases of increased leverage. Investors and stakeholders may need to closely monitor these changes to assess the company's financial health and risk profile.
Peer comparison
Dec 31, 2024