Quidel Corporation (QDEL)
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 | ||
|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 400 | 700 | 800 | — | 1,200 | — | — |
| Total assets | US$ in thousands | 8,563,100 | 8,539,100 | 8,550,300 | 8,787,100 | 8,855,800 | 8,655,500 | 8,822,400 |
| Debt-to-assets ratio | 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
= $400K ÷ $8,563,100K
= 0.00
Based on the provided data, it appears that Quidel Corporation has consistently maintained a debt-to-assets ratio of 0.00 across all the reported quarters. A debt-to-assets ratio of 0.00 indicates that the company has no financial leverage or debt on its balance sheet in relation to its total assets. This may imply that Quidel Corporation is financing its operations primarily through equity or retained earnings rather than through debt financing. It suggests a strong financial position and low financial risk, as the company does not have significant debt obligations that could impact its ability to meet financial obligations or potentially lead to financial distress. Overall, the consistent 0.00 debt-to-assets ratio over the quarters shows a conservative approach to capital structure and financial management by Quidel Corporation.
Peer comparison
Dec 31, 2023