USANA Health Sciences Inc (USNA)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 632,757 | 596,549 | 577,740 | 640,887 | 516,934 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $632,757K
= 0.00
The debt-to-assets ratio of USANA Health Sciences Inc has consistently been at 0.00 for the past five years, indicating that the company has not used any debt to finance its assets during this period. This suggests that USANA Health Sciences Inc has been operating with a debt-free capital structure, relying solely on equity to fund its operations and investments. As a result, the company may have lower financial risk and interest expenses compared to firms with higher debt levels. However, it is important to note that a low debt-to-assets ratio may also mean limited financial leverage and potential constraints on growth opportunities. Overall, USANA Health Sciences Inc's consistent 0.00 debt-to-assets ratio reflects its cautious approach to debt management and a conservative financial strategy.