Dollar Amounts
USD (Millions)
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Assets | $1,559 | $1,820 | $3,716 | $2,886 | $2,100 |
| Liabilities | $346 | $494 | $353 | $351 | $331 |
| Equity | $1,214 | $1,325 | $3,363 | $2,535 | $1,769 |
Balance sheet data in USD (millions)
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Edwyn
Over the past five years, Azenta, Inc. has shown significant growth in its total assets, increasing from $1.56 billion in 2020 to $2.1 billion in 2024. This demonstrates the company's expansion and investment in its operations and possibly acquisitions or capital expenditures. The liabilities have remained relatively stable, with a slight decrease from $345.51 million in 2020 to $331.07 million in 2024. This indicates that the company has been effectively managing its debt levels while growing its asset base. Stockholders' equity has experienced fluctuations, reaching its peak in 2022 at $3.36 billion but declining to $1.77 billion in 2024. This drop could be attributed to various factors such as changes in retained earnings, share buybacks, or fluctuations in market value of assets. Overall, the company seems to be in a healthy financial position with a strong asset base relative to its liabilities. The fluctuations in equity could be a result of strategic decisions taken by the company to optimize its capital structure or respond to changing market conditions. It would be beneficial for Azenta, Inc. to continue monitoring its financial ratios and industry benchmarks to ensure sustainable growth and profitability.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.