Hologic Inc (HOLX)
Debt-to-capital ratio
| Sep 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 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 2,497,100 | 2,514,100 | 2,522,700 | 2,531,200 | 2,789,300 | 2,797,700 | 2,806,200 | 2,808,400 | 2,814,600 | 2,813,400 | 2,819,600 | 2,712,200 | 2,654,700 | 2,672,100 | 2,689,500 | 2,713,900 | 2,731,300 | 2,749,300 | 2,769,400 | 2,783,600 |
| Total stockholders’ equity | US$ in thousands | 5,130,000 | 4,844,400 | 4,653,800 | 5,016,900 | 5,182,000 | 5,300,800 | 5,092,500 | 4,876,200 | 4,997,900 | 4,792,700 | 4,519,100 | 4,218,600 | 3,877,100 | 3,794,400 | 3,267,900 | 2,705,200 | 2,255,100 | 2,086,100 | 2,250,800 | 2,115,700 |
| Debt-to-capital ratio | 0.33 | 0.34 | 0.35 | 0.34 | 0.35 | 0.35 | 0.36 | 0.37 | 0.36 | 0.37 | 0.38 | 0.39 | 0.41 | 0.41 | 0.45 | 0.50 | 0.55 | 0.57 | 0.55 | 0.57 |
September 30, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $2,497,100K ÷ ($2,497,100K + $5,130,000K)
= 0.33
The debt-to-capital ratio of Hologic Inc has shown a relatively stable trend over the past 2 years, hovering around the range of 0.33 to 0.57. The ratio measures the proportion of total debt to total capital employed by the company, indicating its reliance on debt financing versus equity.
From December 2021 to September 2024, there has been a gradual increase in the debt-to-capital ratio, starting at 0.38 and reaching 0.33 as of September 2024. This downward trend suggests that the company has been reducing its debt levels in relation to its overall capital base.
A lower debt-to-capital ratio indicates a lower dependence on debt for financing operations, potentially signaling a stronger financial position and lower financial risk for the company. However, it is important to consider the industry norms and peer comparisons to accurately assess Hologic Inc's leverage position in the market.
Peer comparison
Sep 30, 2024