Quidel Corporation (QDEL)

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	6,423,600	8,563,100	8,855,800	2,430,370	1,871,160
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 ÷ $6,423,600K
= 0.00

Based on the provided data, Quidel Corporation has consistently maintained a debt-to-assets ratio of 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company does not rely on debt financing to fund its operations and investments, as its total debt is effectively nonexistent in relation to its total assets. A debt-to-assets ratio of 0.00 typically signifies that the company has a strong financial position and is not highly leveraged, which could be viewed positively by investors and creditors.