Bio-Techne Corp (TECH)
Debt-to-assets ratio
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 2,703,870 | 2,638,690 | 2,294,800 | 2,262,960 | 2,027,590 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
June 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $2,703,870K
= 0.00
The debt-to-assets ratio for Bio-Techne Corp has been consistently reported as 0.00 over the past five years, indicating that the company has not utilized debt to finance its assets during this period. A debt-to-assets ratio of 0.00 implies that the company's total assets are fully funded by equity, and there is no external debt involved in the capital structure. This suggests that Bio-Techne Corp has a strong financial position with a low financial risk related to debt obligations. It also indicates that the company has not relied on borrowed funds to support its operations or growth, potentially reflecting a conservative approach to managing its capital structure and financial risk.
Peer comparison
Jun 30, 2024