Thermo Fisher Scientific Inc (TMO)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $49,551,000K
= 0.00
Thermo Fisher Scientific Inc has consistently maintained a debt-to-equity ratio of 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has been financing its operations primarily through equity rather than debt during this period. A ratio of 0.00 implies the absence of debt in relation to equity, suggesting a strong financial position and potentially lower financial risk. Thermo Fisher Scientific's ability to operate with minimal debt indicates efficient management of capital structure and financial prudence. This stable and low debt-to-equity ratio reflects positively on the company's financial stability and capacity to weather economic uncertainties.
Peer comparison
Dec 31, 2024