NeoGenomics Inc (NEO)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 902,339 | 941,537 | 998,023 | 1,108,280 | 694,294 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $902,339K)
= 0.00
The debt-to-capital ratio for NeoGenomics Inc has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has no debt in its capital structure during this period. A debt-to-capital ratio of 0.00 suggests that NeoGenomics has not taken on any long-term debt to fund its operations or expansion, which can be seen as a positive indicator of financial strength and stability. It also implies that the company is primarily financed through equity rather than debt, which may reduce its financial risk and interest payment obligations.