Inari Medical Inc (NARI)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — |
| Total assets | US$ in thousands | 674,235 | 504,152 | 311,542 | 214,092 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $674,235K
= 0.00
The debt-to-assets ratio of Inari Medical Inc has consistently been 0.00 for the past four years, including as of December 31, 2023. This indicates that the company has not used debt to finance its assets during this period. A debt-to-assets ratio of 0.00 typically suggests that the company has a strong financial position with no financial leverage and is able to fund its operations and investments primarily through equity and retained earnings. It also signifies a low financial risk related to debt obligations. However, it's important to consider that a very low or zero debt-to-assets ratio may also indicate missed opportunities for leveraging cost-effective debt financing to fuel growth and expansion.
Peer comparison
Dec 31, 2023