Quidel Corporation (QDEL)

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	2,984,500	5,005,900	4,934,600	1,929,360	1,332,700
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 + $2,984,500K)
= 0.00

Quidel Corporation's debt-to-capital ratio has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not used any debt to finance its operations and growth relative to its capital structure during this period. A debt-to-capital ratio of 0.00 implies that the company's capital structure is primarily funded by equity rather than debt. This can be perceived positively as it suggests lower financial risk and a potentially stronger financial position, as the company is not relying on debt to support its business activities. It also indicates that the company may have sufficient access to equity financing or strong internal cash flows to support its growth initiatives without taking on debt.