Thermo Fisher Scientific Inc (TMO)

Debt-to-capital ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Long-term debt	US$ in thousands	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	49,551,000	46,735,000	43,978,000	40,793,000	34,507,000
Debt-to-capital ratio		0.00	0.00	0.00	0.00	0.00

December 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $49,551,000K)
= 0.00

Thermo Fisher Scientific Inc has consistently maintained a debt-to-capital ratio of 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt as a significant source of financing relative to its total capital structure during this period. With a debt-to-capital ratio of 0.00, Thermo Fisher Scientific Inc appears to have a capital structure primarily reliant on equity financing, which may indicate a lower level of financial risk and a strong financial position.