USANA Health Sciences Inc (USNA)
Debt-to-assets ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 632,757 | 601,148 | 602,680 | 605,533 | 596,549 | 556,063 | 557,959 | 572,919 | 577,740 | 578,946 | 591,449 | 584,512 | 640,887 | 577,532 | 512,151 | 473,750 | 516,934 | 463,041 | 532,401 | 551,583 |
| 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, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $632,757K
= 0.00
The debt-to-assets ratio for USANA Health Sciences Inc has consistently been reported as 0.00 over the past several quarters. This indicates that the company does not have any debt on its balance sheet, or if it does have debt, it is negligible in comparison to its total assets. A low or zero debt-to-assets ratio is generally viewed positively as it suggests that the company has a strong financial position and is not overly reliant on debt to finance its operations. In this case, USANA Health Sciences Inc appears to have a conservative balance sheet structure with limited financial leverage, which could potentially lower its financial risk and provide greater stability in adverse economic conditions. It also implies that the company may have sufficient internal funds to fund its operations and investments without resorting to external borrowing.