Globus Medical (GMED)

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 417,400 409,723
Total assets US$ in thousands 5,086,080 5,355,880 2,212,460 2,149,620 2,076,130 1,976,510 1,914,710 1,998,690 1,957,260 1,910,580 1,830,210 1,737,890 1,679,480 1,541,740 1,465,800 1,479,360 1,532,080 1,452,180 1,390,750 1,335,920
Debt-to-assets ratio 0.08 0.08 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $417,400K ÷ $5,086,080K
= 0.08

The debt-to-assets ratio of Globus Medical Inc has shown consistency at 0.08 for the last two quarters of 2023. Prior to that, the company had a debt-to-assets ratio of 0.00 throughout 2022. This indicates that the company has a relatively low level of debt compared to its total assets in the recent quarters, which suggests a strong financial position and a lower risk of financial distress. However, it is important to note that having some level of debt can also be beneficial for business growth and tax advantages. Overall, the stable debt-to-assets ratio of 0.08 in Q3 and Q4 2023 reflects a prudent debt management strategy by Globus Medical Inc.


Peer comparison

Dec 31, 2023