Bio-Techne Corp (TECH)
Debt-to-capital ratio
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 2,068,850 | 1,966,520 | 1,701,770 | 1,562,970 | 1,381,190 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
June 30, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $2,068,850K)
= 0.00
The debt-to-capital ratio for Bio-Techne Corp has consistently been reported as 0.00 for the past five years, from June 30, 2020, to June 30, 2024. This indicates that the company has not used any debt to finance its operations relative to its total capital during this period. A debt-to-capital ratio of 0.00 suggests that Bio-Techne Corp has been primarily relying on equity financing rather than debt financing for its capital structure. This can be seen as a positive sign, as lower levels of debt can reduce financial risk and provide more financial stability to the company. Additionally, a 0.00 debt-to-capital ratio may also indicate strong creditworthiness and financial health, as the company does not have significant debt obligations that could potentially impact its operations.
Peer comparison
Jun 30, 2024