Moderna Inc (MRNA)
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 | — | — | — | — | — |
| Total assets | US$ in thousands | 18,426,000 | 25,858,000 | 24,669,000 | 7,337,000 | 1,589,420 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $18,426,000K
= 0.00
The debt-to-assets ratio of Moderna Inc has shown a consistent trend of maintaining a relatively low level of debt in relation to its total assets over the past five years. The ratio has ranged from 0.02 to 0.04 during this period, indicating that the company has been successful in managing its debt levels relative to its asset base. In particular, the latest ratio of 0.03 as of December 31, 2023, suggests that the company continues to maintain a prudent level of debt in proportion to its total assets. This implies that Moderna Inc has been able to finance its operations and investments primarily through equity or internally generated funds rather than heavy reliance on debt financing. Overall, the company's consistent low debt-to-assets ratio reflects a strong financial position and stability in managing its capital structure.
Peer comparison
Dec 31, 2023