Globus Medical (GMED)

Debt-to-capital ratio

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Long-term debt US$ in thousands
Total stockholders’ equity US$ in thousands 4,177,330 4,069,400 3,976,360 3,922,360 3,997,960 4,187,280 1,985,060 1,914,820 1,846,370 1,764,110 1,699,090 1,785,370 1,741,390 1,718,270 1,639,270 1,562,990 1,506,300 1,417,200 1,336,920 1,363,370
Debt-to-capital ratio 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 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 been reported as 0.00 across all reported periods from March 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt in its capital structure during this period. With a debt-to-capital ratio of 0.00, Globus Medical appears to have financed its operations primarily through equity rather than debt. This low debt level suggests that the company may have a strong financial position with a reduced financial risk associated with debt obligations. Globus Medical's consistent zero debt-to-capital ratio may reflect a conservative financial strategy focused on maintaining a healthy balance sheet and avoiding unnecessary financial leverage.