Thermo Fisher Scientific Inc (TMO)
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 | 97,321,000 | 98,726,000 | 97,154,000 | 95,123,000 | 69,052,000 |
| 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 ÷ $97,321,000K
= 0.00
Thermo Fisher Scientific Inc has consistently maintained a debt-to-assets ratio of 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company's total debt is relatively low compared to its total assets over this period. A debt-to-assets ratio of 0.00 suggests that the company relies more on equity financing rather than debt to fund its operations and investments. This low ratio may signify a strong financial position, lower financial risk, and potential access to favorable financing terms. It also indicates a healthy balance sheet structure with a lower level of financial leverage.
Peer comparison
Dec 31, 2024