Quest Diagnostics Incorporated (DGX)

Debt-to-capital ratio

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Long-term debt US$ in thousands
Total stockholders’ equity US$ in thousands 6,778,000 6,809,000 6,617,000 6,432,000 6,307,000 6,425,000 6,249,000 6,050,000 5,893,000 6,235,000 6,411,000 6,377,000 6,444,000 6,392,000 5,899,000 6,745,000 6,759,000 6,400,000 5,831,000 5,657,000
Debt-to-capital ratio 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 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

Quest Diagnostics Incorporated has maintained a consistent debt-to-capital ratio of 0.00 over the period from March 31, 2020, to December 31, 2024. This ratio indicates that the company has not used any debt in its capital structure during this timeframe. While a debt-to-capital ratio of 0.00 may suggest a low level of financial leverage, it also implies that the company may be relying more on equity financing or generating enough cash internally to fund its operations and investments. Additionally, a zero debt-to-capital ratio may signify a lower risk of financial distress due to the absence of debt obligations. However, it is important to note that a zero ratio could also mean missed opportunities for leveraging debt for potential growth or tax benefits.


Peer comparison

Dec 31, 2024