DexCom Inc (DXCM)
Debt-to-capital 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 | ||
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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 stockholders’ equity | US$ in thousands | 2,068,600 | 2,267,900 | 2,100,400 | 2,233,000 | 2,131,800 | 1,824,500 | 2,255,900 | 2,189,300 | 2,042,100 | 1,912,000 | 1,754,700 | 1,644,800 | 1,551,900 | 1,499,300 | 1,353,900 | 934,500 | 882,600 | 764,300 | 688,300 | 668,600 |
Debt-to-capital ratio | 0.54 | 0.52 | 0.54 | 0.35 | 0.36 | 0.52 | 0.47 | 0.47 | 0.45 | 0.47 | 0.49 | 0.51 | 0.52 | 0.52 | 0.55 | 0.53 | 0.55 | 0.58 | 0.60 | 0.60 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $2,434,200K ÷ ($2,434,200K + $2,068,600K)
= 0.54
The debt-to-capital ratio of Dexcom Inc has shown some fluctuation over the past eight quarters. In Q4 2023, the ratio stood at 0.55, slightly higher than in Q3 2023 when it was 0.54. Comparing Q4 2023 to the same quarter in the previous year (Q4 2022), the ratio has increased from 0.49 to 0.55.
Overall, the trend in the debt-to-capital ratio indicates that the company has been gradually increasing its reliance on debt to finance its operations and investments. A rising debt-to-capital ratio can signify increasing financial leverage and potential risk, as higher debt levels may lead to higher interest payments and reduced financial flexibility. Investors and creditors typically monitor this ratio closely to assess the company's ability to meet its debt obligations and manage financial risks effectively.
Peer comparison
Dec 31, 2023