Quidel Corporation (QDEL)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 3,009,500 | 3,186,700 | 3,173,500 | 3,307,700 | 5,005,900 | 4,966,700 | 5,002,500 | 4,996,500 | 4,934,600 | 4,795,300 | 4,919,600 | 2,414,920 | 1,929,360 | 1,634,070 | 1,411,080 | 1,489,710 | 1,332,700 | 849,247 | 611,709 | 605,199 |
| Debt-to-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $3,009,500K
= 0.00
Based on the provided data, Quidel Corporation has consistently maintained a debt-to-equity ratio of 0.00 over the years from March 31, 2020, to December 31, 2024.
A debt-to-equity ratio of 0.00 indicates that the company has no debt or a negligible amount of debt relative to its equity. This could imply that Quidel Corporation is primarily financed through equity, which may signify financial stability and a lower level of financial risk.
However, it's important to note that while a low or zero debt-to-equity ratio can be viewed positively, it may also indicate missed opportunities for leveraging debt to potentially enhance returns. Overall, Quidel Corporation's consistent zero debt-to-equity ratio suggests a conservative financial structure with a minimal reliance on debt for funding its operations and growth.
Peer comparison
Dec 31, 2024