Becton Dickinson and Company (BDX)

Debt-to-equity 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-equity ratio		0.69	0.57	0.55	0.72	0.72

September 30, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $17,940,000K ÷ $25,890,000K
= 0.69

The debt-to-equity ratio of Becton Dickinson and Company has shown some fluctuations over the past five years. In 2024, the ratio stands at 0.69, indicating that the company has $0.69 in debt for every $1 of equity. This represents an increase compared to the previous year when the ratio was 0.57.

In 2023 and 2022, the company had a lower debt-to-equity ratio of 0.57 and 0.55, respectively, reflecting a stronger equity position relative to debt during those years. However, in 2021 and 2020, the ratio increased to 0.72, suggesting a higher reliance on debt to finance operations or investments.

Overall, the trend in the debt-to-equity ratio for Becton Dickinson and Company indicates some variability in the company's capital structure over the years, with a recent increase in leverage in 2024. It would be important for stakeholders to monitor this ratio closely to assess the company's financial risk and sustainability of its debt levels.