Bio-Techne Corp (TECH)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
June 30, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $2,068,850K
= 0.00
Based on the data provided, the debt-to-equity ratio of Bio-Techne Corp has consistently been reported as 0.00 for the past five years, from June 30, 2020, to June 30, 2024. A debt-to-equity ratio of 0.00 indicates that the company has no debt or a negligible amount of debt relative to its equity. This implies that Bio-Techne Corp is primarily funded by equity rather than borrowed funds.
A debt-to-equity ratio of 0.00 is generally considered favorable as it suggests a lower financial risk for the company. It indicates that Bio-Techne Corp has a strong financial position with little reliance on debt to finance its operations or growth. This could be attractive to investors and creditors as it signals stability and financial soundness.
However, it is essential to note that a debt-to-equity ratio of 0.00 may also indicate conservative financial management, as having some level of debt can help a company benefit from the tax advantages of debt financing and potentially enhance returns on equity for shareholders. Further analysis of the company's financial structure and capital management strategies would provide a more comprehensive understanding of Bio-Techne Corp's overall financial health and risk profile.
Peer comparison
Jun 30, 2024