Becton Dickinson and Company (BDX)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	25,890,000	25,796,000	25,282,000	23,677,000	23,765,000
Debt-to-capital ratio		0.41	0.36	0.35	0.42	0.42

September 30, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $17,940,000K ÷ ($17,940,000K + $25,890,000K)
= 0.41

The debt-to-capital ratio of Becton Dickinson and Company has exhibited fluctuating trends over the past five years. The ratio has ranged from 0.35 to 0.42 during this period.

In 2020 and 2021, the company had a debt-to-capital ratio of 0.42, indicating that debt accounted for approximately 42% of the company's capital structure in both years.

The ratio decreased to 0.35 in 2022, suggesting a reduction in the proportion of debt relative to the company's total capital. However, this trend was reversed in 2023 when the ratio increased to 0.36.

The most recent data for 2024 shows a further increase in the debt-to-capital ratio to 0.41. This implies that debt now represents around 41% of the company's total capital, reflecting a higher reliance on debt financing compared to the previous year.

Overall, the fluctuating debt-to-capital ratio signals variations in the company's leverage and capital structure over the years, which may have implications for its financial risk and overall stability. It is essential for stakeholders to monitor this ratio to assess the company's ability to meet its financial obligations and manage its debt effectively.