Becton Dickinson and Company (BDX)

Debt-to-assets ratio

		Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Long-term debt	US$ in thousands	17,940,000	18,131,000	15,995,000	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
Total assets	US$ in thousands	57,286,000	55,582,000	54,157,000	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
Debt-to-assets ratio		0.31	0.33	0.30	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

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 few years. The ratio indicates the proportion of the company's assets that are financed through debt.

In the most recent quarter, as of September 30, 2024, the debt-to-assets ratio stood at 0.31, which suggests that 31% of the company's assets were financed through debt. This ratio has been relatively stable around the 0.30-0.33 range in recent quarters, showing a moderate level of leverage in the company's capital structure.

Looking back over the past several quarters, the trend in the debt-to-assets ratio has shown some variability, ranging from 0.26 to 0.33. This indicates that there have been fluctuations in the amount of debt relative to the company's assets over time.

Overall, the debt-to-assets ratio of Becton Dickinson and Company has remained within a reasonable range, indicating a balanced approach to financing operations through debt. It is important to monitor this ratio in conjunction with other financial metrics to assess the company's overall financial health and risk profile.