What Does Illumina's Debt Look Like?
Portfolio Pulse from Benzinga Insights
Illumina Inc.'s shares have fallen by 18.77% in the past three months. The company's total debt stands at $2.24 billion, with net debt at $742 million after adjusting for cash equivalents. Illumina's debt-ratio is 0.19, indicating a relatively low level of financial leverage. Debt is an important factor in a company's capital structure and can help it achieve growth.
June 30, 2023 | 7:16 pm
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Illumina's shares have fallen significantly and the company has a substantial amount of debt. However, its debt-ratio is relatively low, suggesting manageable financial leverage.
The drop in Illumina's share price and the presence of substantial debt could negatively impact investor sentiment. However, the company's low debt-ratio suggests it is not overly leveraged, which could mitigate some concerns.
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