Quidel Corporation (QDEL)

Debt-to-assets ratio

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023
Long-term debt	US$ in thousands	400	700	800	—
Total assets	US$ in thousands	8,563,100	8,539,100	8,550,300	8,787,100
Debt-to-assets ratio		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.