Quest Diagnostics Incorporated (DGX)

Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $6,778,000K
= 0.00

Quest Diagnostics Incorporated has consistently maintained a debt-to-equity ratio of 0.00 across multiple reporting periods spanning from March 31, 2020, to December 31, 2024. This implies that the company has either no debt or very minimal debt relative to its equity during these periods. A debt-to-equity ratio of 0.00 indicates that the company is primarily using equity to finance its operations and growth rather than relying on borrowed funds. The stability of this ratio suggests that Quest Diagnostics has been managing its capital structure prudently and may have a strong financial position with little financial leverage.


Peer comparison

Dec 31, 2024