Becton Dickinson and Company (BDX)

Debt-to-assets ratio

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Long-term debt	US$ in thousands	14,094,000	14,738,000	14,926,000	16,010,000	14,268,000	13,886,000	14,683,000	17,584,000	16,360,000	17,110,000	15,700,000	17,718,000	16,082,000	17,224,000	17,090,000	16,809,000	16,949,000	18,081,000	18,016,000	17,556,000
Total assets	US$ in thousands	52,274,000	52,780,000	53,017,000	54,394,000	53,129,000	52,934,000	53,199,000	54,786,000	53,363,000	53,866,000	54,333,000	54,921,000	54,748,000	54,012,000	53,959,000	53,516,000	51,952,000	51,765,000	52,233,000	52,598,000
Debt-to-assets ratio		0.27	0.28	0.28	0.29	0.27	0.26	0.28	0.32	0.31	0.32	0.29	0.32	0.29	0.32	0.32	0.31	0.33	0.35	0.34	0.33

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $14,094,000K ÷ $52,274,000K
= 0.27

The debt-to-assets ratio of Becton Dickinson & Co. has remained relatively stable over the past eight quarters, with values ranging from 0.30 to 0.34. This ratio indicates the proportion of the company's assets that are financed through debt.

The trend shows that the company has been maintaining a conservative approach towards debt financing, with a higher emphasis on using equity to fund its assets. A lower debt-to-assets ratio implies that the company has a lower financial risk and a more robust financial position, as it relies less on borrowing for its operations.

Overall, Becton Dickinson & Co. has managed its debt levels effectively, maintaining a healthy balance between debt and assets to support its business operations and growth strategies. The slight fluctuations in the ratio over time are normal and may reflect adjustments in the company's capital structure based on its financial needs and market conditions.