Veracyte Inc (VCYT)
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 | 1,300,040 | 1,114,910 | 1,156,420 | 1,187,820 | 457,163 |
| 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 ÷ $1,300,040K
= 0.00
The debt-to-assets ratio for Veracyte Inc. has consistently been reported as 0.00 across the specified fiscal years from December 31, 2020, through December 31, 2024. This indicates that the company has maintained a complete absence of debt relative to its total assets throughout this period. Consequently, all assets are financed entirely by equity or other non-debt sources, signifying a debt-free capital structure. Such a consistent zero ratio suggests a conservative financial position with no reliance on borrowed funds, potentially reducing financial risk and interest expense associated with debt obligations.
Peer comparison
Dec 31, 2024