Globus Medical (GMED)

Debt-to-assets ratio

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Long-term debt US$ in thousands — — — — —
Total assets US$ in thousands 5,251,750 5,086,080 2,076,130 1,957,260 1,679,480
Debt-to-assets ratio 0.00 0.00 0.00 0.00 0.00

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $5,251,750K
= 0.00

The debt-to-assets ratio for Globus Medical has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt to finance its assets during this period. A debt-to-assets ratio of 0.00 signifies that the company's assets are primarily financed by equity rather than debt. Globus Medical's low debt-to-assets ratio suggests a conservative capital structure and a strong financial position with minimal financial risk stemming from debt obligations.