Bio-Techne Corp (TECH)

Debt-to-assets ratio

		Jun 30, 2024	Mar 31, 2024	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
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total assets	US$ in thousands	2,703,870	2,721,170	2,730,750	2,755,360	2,638,690	2,599,700	2,363,400	2,350,720	2,294,800	2,299,890	2,304,850	2,270,190	2,262,960	2,084,640	2,067,870	2,053,100	2,027,590	1,999,020	1,998,420	1,925,030
Debt-to-assets ratio		0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	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 consistently been reported as 0.00 for the past several quarters, indicating that the company has not utilized any debt to finance its operations relative to its total assets. This suggests that Bio-Techne Corp has been primarily using equity to fund its activities, which may imply a strong financial position with lower financial risk. It is important to note that while a low debt-to-assets ratio can be seen as a positive indicator of financial stability, it may also indicate missed opportunities for leveraging debt for potentially higher returns on investment. Overall, the consistently low debt-to-assets ratio for Bio-Techne Corp reflects a conservative approach to capital structure management.