Quidel Corporation (QDEL)
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 | 6,448,600 | 6,801,100 | 6,689,200 | 6,703,300 | 8,563,100 | 8,539,100 | 8,550,300 | 8,787,100 | 8,855,800 | 8,655,500 | 8,822,400 | 3,093,120 | 2,430,370 | 2,106,380 | 1,807,650 | 2,097,370 | 1,871,160 | 1,249,360 | 972,931 | 966,766 |
| 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 ÷ $6,448,600K
= 0.00
The debt-to-assets ratio for Quidel Corporation has consistently been 0.00 throughout the reported periods from March 31, 2020, to December 31, 2024. A debt-to-assets ratio of 0.00 indicates that the company has no debt in relation to its total assets during these periods. This suggests that Quidel Corporation has been financing its operations predominantly through equity or other sources of funding rather than through borrowing. A low or zero debt-to-assets ratio is generally considered favorable as it signifies a lower financial risk and indicates financial stability for the company.
Peer comparison
Dec 31, 2024