A Look Into IDEXX Laboratories' Debt
Portfolio Pulse from Benzinga Insights
IDEXX Laboratories Inc. (NASDAQ:IDXX) has a total debt of $1.20 billion, adjusted for $111.37 million in cash-equivalents, the company's net debt is at $1.09 billion. The company's debt ratio is 0.43, considering its total assets of $2.81 billion. A debt ratio more than 1 indicates that a considerable portion of debt is funded by assets. A higher debt-ratio can imply that the company might be at risk for default, if interest rates were to increase.
June 29, 2023 | 8:02 pm
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IDEXX Laboratories has a total debt of $1.20 billion and a debt ratio of 0.43. This could imply potential risk for default if interest rates increase.
The company's high debt and debt ratio could put it at risk for default if interest rates were to increase. This could negatively impact the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100