Vicor Corporation (VICR)
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 | 594,887 | 536,901 | 477,205 | 396,239 | 240,727 |
| 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 ÷ $594,887K
= 0.00
The debt-to-assets ratio of Vicor Corp. has been consistently 0.00 for the past five years, including as of December 31, 2023. A debt-to-assets ratio of 0.00 indicates that the company has no debt in relation to its total assets. This could signify that Vicor Corp. relies more on equity financing or generated funds rather than borrowing to finance its operations and investments. A low or zero debt-to-assets ratio can suggest financial stability and lower risk of financial distress due to lower interest obligations and debt repayment requirements. It may also indicate that the company has strong internal financial resources to support its operations and growth without leveraging itself significantly through debt. However, it is important to consider the reasons behind the consistently low debt-to-assets ratio and assess whether this aligns with the company's strategic goals and financial management strategies. Additional analysis of the company's capital structure and financial health would provide a more comprehensive understanding of Vicor Corp.'s overall financial position.
Peer comparison
Dec 31, 2023