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Illumina ILMN Debt-to-assets

Debt-to-assets at other companies

Thermo Fisher Scientific logo
Thermo Fisher ScientificTMO
0.4×0.0×
Guardant Health logo
Guardant HealthGH
0.9×-0.1×
Natera, Inc. logo
Natera, Inc.NTRA
0.1×0.0×
Agilent Technologies logo
Agilent TechnologiesA
0.3×0.0×
Danaher logo
DanaherDHR
0.2×0.0×
Abbott logo
AbbottABT
0.3×+0.1×

Other financials

Income statement

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Revenue$1.1B+4.8%
Gross profit$721.0M+5.6%
Operating income$209.0M+27.4%
Net income$134.0M+2.3%
EPS (diluted)$0.87+6.1%

Balance sheet

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Cash & equivalents$1.1B-2.2%
Total debt$2.0B-3.0%
Total equity$2.7B+13.0%
Total assets$6.6B+6.1%

Cash flow

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Operating cash flow$289.0M+20.4%
CapEx$38.0M+18.8%
Free cash flow$251.0M+20.7%

Valuation

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Market cap$24.07B+50.0%
Enterprise value$25.03B+46.0%
P/E28.2×
P/S5.5×+1.8×

Profitability

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Gross margin66.2%-0.1pp
Operating margin19.4%
Net margin19.4%+12.7pp

Returns & leverage

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Return on equity33.8%+23.9pp
Debt / equity0.8×-0.1×
Current ratio1.7×-0.1×

Where this comes from

Calculated from Illumina’s reported figures.

Based on the most recent quarter.

The official record: Illumina’s 10-Q, filed May 4, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Illumina's debt-to-assets?
Illumina (ILMN) reported debt-to-assets of 0.3× in Q1 2026.
How has Illumina's debt-to-assets changed year-over-year?
Illumina's debt-to-assets decreased by 8.6% year-over-year, from 0.3× to 0.3×.
What is the long-term trend for Illumina's debt-to-assets?
Over 4 years (2021 to 2025), Illumina's debt-to-assets has grown at a 15.8% compound annual growth rate (CAGR), from 0.7× to 1.3×.
What does debt-to-assets mean?
What fraction of everything the company owns is funded by debt.
How do you interpret debt-to-assets?
A lower ratio indicates a more conservatively financed balance sheet. Rising debt-to-assets over time signals increasing financial risk.
How does debt-to-assets compare across companies?
Comparable within an industry; bounded between 0 and 1 for most non-financials, which makes cross-company reads cleaner than debt-to-equity.