Globus Medical (GMED)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 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 | 1,402,450 | 1,338,800 | 1,287,530 | 1,237,210 |
| Debt-to-capital ratio | 0.09 | 0.09 | 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-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 for Globus Medical Inc has been consistently low over the past eight quarters, ranging from 0.00 to 0.09. This indicates that the company relies minimally on debt financing in relation to its total capital structure. The stable and low debt-to-capital ratio suggests that Globus Medical Inc has a strong financial position with a lower risk of financial distress and potential default. This may positively impact the company's ability to secure favorable financing terms, maintain liquidity, and pursue strategic growth opportunities.
Peer comparison
Dec 31, 2023