Globus Medical (GMED)
Debt-to-capital ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 417,400 | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 3,997,960 | 1,846,370 | 1,741,390 | 1,506,300 | 1,402,450 |
| Debt-to-capital ratio | 0.09 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $417,400K ÷ ($417,400K + $3,997,960K)
= 0.09
The debt-to-capital ratio of Globus Medical Inc has shown an increasing trend over the past five years, from 0.00 in 2019 to 0.09 in 2023. This ratio indicates that, as of December 31, 2023, the company's debt accounts for 9% of its total capital structure, with the remainder financed through equity. The increase in the debt-to-capital ratio suggests that Globus Medical Inc has taken on some level of debt to fund its operations or growth initiatives. It is essential for investors and stakeholders to monitor this trend closely to assess the company's leverage and financial risk.
Peer comparison
Dec 31, 2023