Boston Scientific Corp (BSX)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 35,136,000 | 32,469,000 | 32,229,000 | 30,777,000 | 30,565,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $35,136,000K
= 0.00
The trend in Boston Scientific Corp.'s debt-to-assets ratio over the past five years has been decreasing, indicating a positive sign of financial health. The ratio has declined from 0.33 in 2019 to 0.26 in 2023. This suggests that the company has been successful in reducing its level of debt relative to its total assets over the years. A lower debt-to-assets ratio indicates that the company relies less on debt financing and has a stronger ability to meet its financial obligations using its assets. Overall, the decreasing trend in the debt-to-assets ratio for Boston Scientific Corp. implies improving financial stability and potentially lower financial risk for the company.
Peer comparison
Dec 31, 2023