DexCom Inc (DXCM)
Debt-to-assets ratio
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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long-term debt | US$ in thousands | 2,434,200 | 2,432,400 | 2,430,600 | 1,198,500 | 1,197,700 | 1,968,800 | 1,967,300 | 1,965,900 | 1,702,700 | 1,703,500 | 1,710,700 | 1,688,800 | 1,667,200 | 1,645,800 | 1,658,800 | 1,072,400 | 1,059,700 | 1,047,100 | 1,034,700 | 1,022,400 |
Total assets | US$ in thousands | 6,264,500 | 6,596,200 | 6,820,700 | 5,515,900 | 5,391,700 | 4,899,200 | 5,217,400 | 5,057,000 | 4,933,300 | 4,775,900 | 4,503,800 | 4,389,800 | 4,290,500 | 3,833,200 | 3,521,800 | 2,447,900 | 2,395,000 | 2,185,700 | 2,065,900 | 1,974,000 |
Debt-to-assets ratio | 0.39 | 0.37 | 0.36 | 0.22 | 0.22 | 0.40 | 0.38 | 0.39 | 0.35 | 0.36 | 0.38 | 0.38 | 0.39 | 0.43 | 0.47 | 0.44 | 0.44 | 0.48 | 0.50 | 0.52 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,434,200K ÷ $6,264,500K
= 0.39
The debt-to-assets ratio of Dexcom Inc has ranged from 0.37 to 0.48 over the past eight quarters, with an average of approximately 0.40. This ratio indicates that, on average, Dexcom finances 40% of its assets through debt, while the remaining 60% is financed through equity.
A debt-to-assets ratio of 0.40 suggests that Dexcom relies moderately on debt to finance its operations and growth. It seems to maintain a stable level of debt relative to its assets, which may indicate a balanced approach to capital structure management.
However, the slight fluctuation in the ratio over the quarters indicates some variability in Dexcom's debt management. The increase to 0.48 in Q2 2023 could imply a temporary spike in debt compared to assets, which may warrant further investigation into the company's debt levels and repayment capabilities during that period.
Overall, Dexcom's debt-to-assets ratio suggests a strategic mix of debt and equity in its capital structure, supporting its business operations and growth initiatives.
Peer comparison
Dec 31, 2023