Lantheus Holdings Inc (LNTH)

Debt-to-assets ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Long-term debt	US$ in thousands	—	557,712	163,121	197,699	183,927
Total assets	US$ in thousands	1,651,150	1,321,260	863,784	869,821	405,919
Debt-to-assets ratio		0.00	0.42	0.19	0.23	0.45

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,651,150K
= 0.00

The debt-to-assets ratio of Lantheus Holdings Inc has fluctuated over the past five years. In 2023, the ratio stands at 0.34, indicating that 34% of the company's assets are financed by debt. This ratio has decreased from the previous year's ratio of 0.42. Comparing to 2021 and 2020, where the ratios were 0.20 and 0.25 respectively, the current ratio is higher. However, it is lower than the ratio reported in 2019, which was 0.48.

A lower debt-to-assets ratio is generally viewed positively by investors and creditors as it indicates that the company relies less on debt financing and may have a lower financial risk. It suggests that Lantheus Holdings Inc may be managing its debt levels relative to its asset base more efficiently. However, a single ratio alone may not provide the full financial picture, and it is important to consider other financial metrics and qualitative factors when evaluating the company's overall financial health.