TransMedics Group Inc (TMDX)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 804,076 | 706,047 | 277,147 | 134,893 | 152,026 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $804,076K
= 0.00
The debt-to-assets ratio for TransMedics Group Inc has consistently been 0.00 from December 31, 2020, through December 31, 2024. This indicates that the company has financed its assets entirely through equity rather than debt during this period. A debt-to-assets ratio of 0.00 is typically considered favorable as it suggests a lower financial risk and a strong financial position with no reliance on borrowed funds to maintain its asset base. This stable and low debt-to-assets ratio reflects a conservative approach to capital structure and financial management by TransMedics Group Inc.
Peer comparison
Dec 31, 2024