Quest Diagnostics Incorporated (DGX)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 6,778,000 | 6,307,000 | 5,893,000 | 6,444,000 | 6,759,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $6,778,000K)
= 0.00
The debt-to-capital ratio for Quest Diagnostics Incorporated has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt as a source of financing relative to its capital structure during this period. A debt-to-capital ratio of 0.00 signifies that the company's capital is entirely derived from equity, which could imply a low financial risk profile and financial stability. It appears that Quest Diagnostics has been relying solely on equity financing, potentially indicating a conservative approach to managing its capital structure and financial obligations. Additional information on the company's debt levels and other financial metrics would provide a more comprehensive understanding of its overall financial health and strategy.
Peer comparison
Dec 31, 2024