Bio-Techne Corp (TECH)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	2,068,850	2,014,380	1,963,560	1,997,750	1,966,520	1,889,690	1,827,110	1,751,150	1,701,770	1,714,380	1,702,990	1,639,360	1,562,970	1,539,450	1,521,920	1,439,280	1,381,190	1,291,270	1,323,350	1,174,220
Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $2,068,850K)
= 0.00

The debt-to-capital ratio of Bio-Techne Corp has consistently been reported as 0.00 for each of the periods listed in the table. A debt-to-capital ratio of 0.00 implies that the company has zero or negligible debt in relation to its total capital. This indicates that Bio-Techne Corp relies more on equity financing rather than debt financing to fund its operations and investments. A low or zero debt-to-capital ratio can be viewed positively by investors and creditors as it suggests lower financial risk and a stronger financial position. However, it is also important to consider other financial metrics and factors when assessing the overall financial health and performance of the company.