Thermo Fisher Scientific Inc (TMO)

Debt-to-assets ratio

		Dec 31, 2024	Sep 30, 2024	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
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total assets	US$ in thousands	97,321,000	100,364,000	98,496,000	97,095,000	98,726,000	97,057,000	94,105,000	94,658,000	97,154,000	90,536,000	90,579,000	92,747,000	95,123,000	73,600,000	67,698,000	65,931,000	69,052,000	64,061,000	61,593,000	58,688,000
Debt-to-assets 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

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $97,321,000K
= 0.00

Thermo Fisher Scientific Inc's debt-to-assets ratio has consistently remained at 0.00 across all reported periods from March 31, 2020, to December 31, 2024. A debt-to-assets ratio of 0.00 indicates that the company has no debt on its balance sheet relative to its total assets. This implies that all of the company's assets are financed by equity rather than debt. A low or zero debt-to-assets ratio is generally seen as favorable as it suggests lower financial risk and a stronger financial position for the company. Thermo Fisher Scientific Inc's consistent 0.00 debt-to-assets ratio reflects a prudent financial management strategy that prioritizes a conservative capital structure and minimizes the company's reliance on external financing.