Repligen Corporation (RGEN)
Debt-to-equity ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 510,143 | 0 | — | 243,737 | 232,767 |
| Total stockholders’ equity | US$ in thousands | 1,971,200 | 1,910,700 | 1,750,070 | 1,529,150 | 1,059,770 |
| Debt-to-equity ratio | 0.26 | 0.00 | 0.00 | 0.16 | 0.22 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $510,143K ÷ $1,971,200K
= 0.26
The debt-to-equity ratio of Repligen Corp. has shown fluctuations over the past five years. In 2023, the ratio increased to 0.29 from 0.15 in 2022, indicating that the company had a higher level of debt relative to equity. This could suggest increased leverage in the company's capital structure.
Comparing to historical data, the ratio in 2023 is notably higher than in 2021 and 2022, where it stood at 0.15. In 2020 and 2019, the ratio was slightly higher at 0.16 and 0.22, respectively. The jump in the ratio from 2022 to 2023 may point to a change in the company's financing strategy, potentially taking on more debt or decreasing equity.
Analysts and investors should closely monitor the trend of the debt-to-equity ratio to assess the company's financial risk and stability, as a higher ratio implies higher financial leverage and potential risk of default. Further investigation into the reasons behind this increase in leverage would be advisable to understand the implications for Repligen Corp.'s financial health and future prospects.
Peer comparison
Dec 31, 2023