West Pharmaceutical Services Inc (WST)
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 | 3,643,400 | 3,829,500 | 3,616,800 | 3,313,800 | 2,793,800 |
| 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 ÷ $3,643,400K
= 0.00
The debt-to-assets ratio for West Pharmaceutical Services Inc has been consistently at 0.00 for the years 2020 to 2024. This indicates that the company has not utilized debt as a source of financing its assets during these years. A low or zero debt-to-assets ratio typically implies that the company primarily relies on equity to finance its operations and investments, which can be seen as a positive sign of financial stability and lower financial risk. However, it's important to consider that a very low debt-to-assets ratio may also suggest limited growth opportunities or underutilization of leverage for potential expansion.
Peer comparison
Dec 31, 2024