Boston Scientific Corp (BSX)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 39,395,000 | 35,136,000 | 32,470,000 | 32,230,000 | 30,778,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $39,395,000K
= 0.00
The debt-to-assets ratio for Boston Scientific Corp has consistently been 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt significantly in its capital structure, or it may have a strong ability to pay off its debts with its assets if necessary. A low debt-to-assets ratio is generally viewed positively by creditors and investors as it signifies lower financial risk and greater financial stability for the company. However, it is important to note that a very low debt-to-assets ratio may also suggest missed opportunities for leveraging debt for potential business growth or tax advantages. Continued monitoring of this ratio and its trend over time is essential to assess the company's financial structure and risk management strategy effectively.
Peer comparison
Dec 31, 2024