USANA Health Sciences Inc (USNA)
Debt-to-equity ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 497,202 | 434,472 | 395,124 | 441,650 | 351,712 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $497,202K
= 0.00
The debt-to-equity ratio for USANA Health Sciences Inc has consistently been 0.00 for the past five years, indicating that the company has been entirely funded by equity rather than debt during this period. This could suggest a conservative financial strategy, as the company has not relied on debt to finance its operations or growth. It also indicates a strong financial position, as the absence of debt means lower financial risk and interest expenses for the company. Overall, a consistently low debt-to-equity ratio reflects positively on the financial stability and management of USANA Health Sciences Inc.