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