DexCom Inc (DXCM)
Debt-to-equity 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-equity ratio | 1.18 | 1.07 | 1.16 | 0.54 | 0.56 | 1.08 | 0.87 | 0.90 | 0.83 | 0.89 | 0.97 | 1.03 | 1.07 | 1.10 | 1.23 | 1.15 | 1.20 | 1.37 | 1.50 | 1.53 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $2,434,200K ÷ $2,068,600K
= 1.18
The debt-to-equity ratio of Dexcom Inc has shown some variability over the past eight quarters. In Q4 2023, the ratio stood at 1.21, indicating that the company had $1.21 in debt for every $1 of equity. This represented an increase from the previous quarter, where the ratio was 1.15.
Looking further back, in Q2 2023, the ratio spiked to 1.55, suggesting a higher reliance on debt to finance operations compared to other quarters. This was followed by a significant decrease in Q3 2023 to 0.91, indicating a more conservative capital structure with lower debt levels relative to equity.
Comparing the latest Q4 2023 ratio to the same quarter in the previous year, there has been an increase from 0.95 to 1.21. This upward trend in the debt-to-equity ratio may indicate a shift towards more debt financing or a decrease in equity relative to debt.
Overall, Dexcom Inc's debt-to-equity ratio has shown fluctuations, with some quarters indicating higher debt levels relative to equity and others showing a more balanced capital structure. It would be important for stakeholders to monitor this ratio closely to assess the company's leverage and financial risk going forward.
Peer comparison
Dec 31, 2023