Quidel Corporation (QDEL)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $2,984,500K
= 0.00
Based on the provided data for Quidel Corporation, the debt-to-equity ratio has consistently been at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company does not have any financial debt relative to its equity during this period. A debt-to-equity ratio of 0.00 may imply that the company is primarily funded by equity capital rather than debt financing. While a lower debt-to-equity ratio is generally considered favorable as it signifies lower financial risk, it is essential to consider other financial metrics and factors to gain a comprehensive understanding of the company's financial health and management of capital structure.
Peer comparison
Dec 31, 2024