STAAR Surgical Company (STAA)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 488,692 | 418,818 | 345,778 | 257,416 | 207,523 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $488,692K
= 0.00
STAAR Surgical Company has consistently maintained a debt-to-assets ratio of 0.00 over the past five years, including as of December 31, 2023. This indicates that the company has not utilized debt financing to fund its operations or investments, relying primarily on equity financing instead. A debt-to-assets ratio of 0.00 signifies that the company's total assets are fully funded by equity, suggesting a strong financial position with minimal financial risk related to debt obligations. STAAR Surgical's consistent zero debt-to-assets ratio illustrates financial stability and the company's ability to operate without relying on borrowed funds for its growth and operational needs.
Peer comparison
Dec 31, 2023