Quidel Corporation (QDEL)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $400K ÷ $5,005,900K
= 0.00
Based on the provided data, Quidel Corporation has consistently maintained a debt-to-equity ratio of 0.00 across all the reported periods. A debt-to-equity ratio of 0.00 indicates that the company has no debt in its capital structure relative to its equity. This suggests that Quidel Corporation is relying entirely on equity financing to fund its operations and investments. While a lower debt-to-equity ratio is generally considered less risky as it indicates lower financial leverage, it is important to note that a zero debt-to-equity ratio may not always be ideal, as some level of debt can be beneficial for leveraging returns and tax advantages.
Peer comparison
Dec 31, 2023