Globus Medical (GMED)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $4,177,330K
= 0.00
The debt-to-equity ratio for Globus Medical has consistently been 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has no financial leverage through debt in relation to its equity during this period. A debt-to-equity ratio of 0.00 suggests that Globus Medical has either no debt or a minimal amount compared to its equity, which may indicate a strong financial position and lower financial risk. However, it's important to note that a very low debt-to-equity ratio may also imply missed opportunities for leveraging debt for potential growth or expansion. Overall, Globus Medical's consistent 0.00 debt-to-equity ratio reflects a low-risk financial structure in terms of debt reliance.
Peer comparison
Dec 31, 2024