Becton Dickinson and Company (BDX)
Debt-to-assets ratio
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 17,940,000 | 14,738,000 | 13,886,000 | 17,110,000 | 17,224,000 |
| Total assets | US$ in thousands | 57,286,000 | 52,780,000 | 52,934,000 | 53,866,000 | 54,012,000 |
| Debt-to-assets ratio | 0.31 | 0.28 | 0.26 | 0.32 | 0.32 |
September 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $17,940,000K ÷ $57,286,000K
= 0.31
The debt-to-assets ratio for Becton Dickinson and Company has shown fluctuations over the past five years.
In 2024, the ratio increased to 0.31 from 0.28 in 2023, indicating that the company's debt level relative to its total assets has risen. This increase could suggest that the company has taken on more debt compared to its assets.
Comparing the ratio in 2024 to the ratio in 2022 and 2021, where it was 0.26 and 0.32 respectively, we see that there has been some variability in the debt-to-assets ratio. The decrease in the ratio from 0.32 in 2021 to 0.26 in 2022 may indicate improved financial health as the company reduced its debt relative to its assets. However, the subsequent increase in the ratio to 0.31 in 2024 suggests a reversal of this trend.
Overall, the fluctuation in the debt-to-assets ratio for Becton Dickinson and Company over the past five years indicates changes in the company's leverage and its ability to meet its financial obligations. It is essential for stakeholders to monitor these ratios closely to assess the company's financial risk and stability.
Peer comparison
Sep 30, 2024