NeoGenomics Inc (NEO)

Debt-to-assets ratio

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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 Mar 31, 2020
Long-term debt US$ in thousands
Total assets US$ in thousands 1,638,040 1,641,110 1,643,280 1,640,340 1,681,230 1,678,240 1,695,110 1,709,170 1,740,030 1,755,580 1,792,110 1,829,550 1,869,780 1,906,390 1,896,310 1,494,410 988,331 959,428 945,485 732,247
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 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 for NeoGenomics Inc has consistently been 0.00 for the periods between March 31, 2020, and December 31, 2024. This indicates that the company has not utilized any debt to finance its operations and investments during these periods. A debt-to-assets ratio of 0.00 signifies that all assets of the company are funded by equity or other non-debt sources. This suggests that NeoGenomics Inc has been maintaining a strong financial position with minimal reliance on debt financing, which may reflect positively on its financial stability and risk management.