Repligen Corporation (RGEN)

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 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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Long-term debt US$ in thousands 510,143 0 249,423 246,561 243,737 240,942 238,183 235,458 232,767 230,182
Total stockholders’ equity US$ in thousands 1,971,200 1,988,560 1,970,930 1,940,490 1,910,700 1,835,110 1,805,360 1,766,400 1,750,070 1,715,260 1,603,070 1,556,220 1,529,150 1,124,870 1,100,030 1,069,760 1,059,770 1,045,120 878,968 625,025
Debt-to-equity ratio 0.26 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.16 0.16 0.16 0.21 0.22 0.22 0.22 0.22 0.00 0.00

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 been relatively stable over the past eight quarters, ranging from 0.14 to 0.29. This ratio indicates that the company relies more on equity financing rather than debt financing to fund its operations and growth. A lower debt-to-equity ratio suggests a lower level of financial risk as the company has less debt in relation to its equity.

The increase in the ratio from Q3 2023 to Q4 2023 (0.14 to 0.29) may signify a significant change in the capital structure of the company during that period, as the proportion of debt relative to equity has risen substantially. This could indicate an increased reliance on debt to finance operations or expansions, which may lead to higher interest payments and financial risk.

On the other hand, the relatively low and stable ratios in the previous quarters (ranging from 0.14 to 0.16) indicate a conservative approach to capital structure management, with a focus on maintaining a healthy balance between debt and equity. It suggests that Repligen Corp. has been managing its debt levels prudently, balancing the benefits of debt financing with the associated risks.

Overall, the trend and level of the debt-to-equity ratio for Repligen Corp. reflect a balanced approach to capital structure management, with the company maintaining a relatively low level of debt compared to equity, which may indicate financial stability and a lower level of financial risk.


Peer comparison

Dec 31, 2023