NeoGenomics Inc (NEO)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 1,638,040 | 1,681,230 | 1,740,030 | 1,869,780 | 988,331 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,638,040K
= 0.00
The debt-to-assets ratio of NeoGenomics Inc has consistently remained at 0.00 for the years 2020 through 2024. This indicates that the company has not utilized any debt to finance its operations and investments during this period. A debt-to-assets ratio of 0.00 suggests that the company has a strong financial position with a low level of financial leverage and minimal risk related to debt obligations. NeoGenomics Inc's ability to maintain a debt-to-assets ratio of 0.00 implies that it has been relying on equity or other forms of financing to support its growth and operational activities.