Quest Diagnostics Incorporated (DGX)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $6,778,000K
= 0.00
Based on the provided data, Quest Diagnostics Incorporated has consistently maintained a debt-to-equity ratio of 0.00 over the five-year period from December 31, 2020, to December 31, 2024. A debt-to-equity ratio of 0.00 indicates that the company has no debt on its balance sheet relative to its equity during this period. This low or zero debt-to-equity ratio suggests that Quest Diagnostics has been financing its operations primarily through equity rather than debt, which may indicate a conservative financial strategy. However, it's important to note that while a low ratio can signal financial strength and stability, it may also suggest missed opportunities for leveraging debt for potential growth or efficiency. Further analysis of the company's capital structure and overall financial health would be necessary to fully understand the implications of this consistent ratio over time.
Peer comparison
Dec 31, 2024