Inari Medical Inc (NARI)
Debt-to-assets ratio
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 674,235 | 548,835 | 524,968 | 506,534 | 504,152 | 487,819 | 484,262 | 484,109 | 311,542 | 292,427 | 253,559 | 234,577 | 214,092 | 205,811 | 224,354 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 eight quarters. This indicates that the company has not used debt to finance its assets during this period. A debt-to-assets ratio of 0.00 suggests that the company's assets are entirely funded by equity, which could be perceived positively as it signifies a lower financial risk and potential for financial stability. It also suggests that the company may have strong cash flows or access to other sources of funding to support its asset base without relying on debt financing. However, it's important to consider that a very low debt-to-assets ratio may also mean missed opportunities for leveraging debt to potentially enhance returns for shareholders.
Peer comparison
Dec 31, 2023