Quidel Corporation (QDEL)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	5,005,900	4,966,700	5,002,500	4,996,500	4,934,600	4,795,300	4,919,600
Debt-to-capital ratio		0.00	0.00	0.00	0.00	0.00	0.00	0.00

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $400K ÷ ($400K + $5,005,900K)
= 0.00

The debt-to-capital ratio for Quidel Corporation has consistently been reported as 0.00 across all quarters from June 30, 2022, to December 31, 2023. This indicates that the company has not utilized any debt as a source of capital during this period. A debt-to-capital ratio of 0.00 signifies that the company's capital structure is entirely equity-financed, with no reliance on borrowing to fund its operations or expansions. This could suggest a conservative financial approach, with lower financial risk stemming from debt obligations. It may also indicate a strong financial position and sufficient access to equity capital to support the company's growth and strategic initiatives.