Embecta Corp (EMBC)
Debt-to-capital ratio
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,565,300 | 1,590,800 | 1,591,800 | 1,592,900 | 1,593,900 | 1,595,000 | 1,596,000 | 1,597,100 | 1,598,100 | 1,599,200 | 1,403,700 | — |
| Total stockholders’ equity | US$ in thousands | -738,300 | -763,700 | -769,600 | -793,500 | -821,700 | -809,400 | -822,600 | -836,100 | -891,400 | -847,600 | -967,500 | 550,500 |
| Debt-to-capital ratio | 1.89 | 1.92 | 1.94 | 1.99 | 2.06 | 2.03 | 2.06 | 2.10 | 2.26 | 2.13 | 3.22 | 0.00 |
September 30, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,565,300K ÷ ($1,565,300K + $-738,300K)
= 1.89
The debt-to-capital ratio of Embecta Corp has shown fluctuations over the past few quarters. The ratio stood at 1.89 as of September 30, 2024, indicating that debt represented 1.89 units of the company's total capital. This ratio has been gradually increasing from a low of 0.00 on December 31, 2021, reaching a peak of 3.22 on March 31, 2022, before trending downwards.
A rising debt-to-capital ratio may imply increased financial risk and leverage, while a declining ratio could signal improved financial stability and less reliance on debt financing. It is important to monitor this ratio over time to assess the company's capital structure and financial health.
Peer comparison
Sep 30, 2024