Veracyte Inc (VCYT)

Debt-to-capital ratio

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Long-term debt US$ in thousands — — — — —
Total stockholders’ equity US$ in thousands 1,175,970 1,044,100 1,075,200 1,096,510 421,232
Debt-to-capital ratio 0.00 0.00 0.00 0.00 0.00

December 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,175,970K)
= 0.00

The debt-to-capital ratio for Veracyte Inc., as presented in the provided data, consistently stands at 0.00 across all specified fiscal year-ends from December 31, 2020, through December 31, 2024. This indicates that during this period, the company maintained a capital structure devoid of long-term debt or other forms of borrowed capital. Consequently, the company's total capitalization is entirely composed of equity, reflecting a conservative financial strategy with no reliance on debt financing. This persistent absence of debt suggests a strong equity position and potentially a low financial risk profile, though it also implies that the company might not be leveraging debt to finance growth or operations during these years.