Globus Medical (GMED)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 4,177,330 | 3,997,960 | 1,846,370 | 1,741,390 | 1,506,300 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $4,177,330K)
= 0.00
The debt-to-capital 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 debt as a significant source of capital relative to its total capital structure over the analyzed period. A debt-to-capital ratio of 0.00 suggests that the company's capital structure is primarily composed of equity rather than debt, which could signify a lower financial risk and reliance on external borrowing for funding its operations. It may also indicate strong financial stability and the ability to fund its operations and growth using internal resources.
Peer comparison
Dec 31, 2024