USANA Health Sciences Inc (USNA)
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 | 748,193 | 632,757 | 596,549 | 577,740 | 640,887 |
| 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 ÷ $748,193K
= 0.00
The debt-to-assets ratio for USANA Health Sciences Inc shows a consistent trend of 0.00 over the years from December 31, 2020, to December 31, 2024. This indicates that the company has either no debt or a negligible amount of debt relative to its total assets during this period. A debt-to-assets ratio of 0.00 implies that the company's assets are primarily funded by equity rather than debt, which can be seen as a positive indicator of financial stability and lower financial risk. However, it is important to consider that a very low debt-to-assets ratio may also suggest limited leverage that could potentially hinder the company's growth opportunities. Overall, a consistent debt-to-assets ratio of 0.00 over the years suggests a prudent approach to managing debt and maintaining a strong financial position.