Hologic Inc (HOLX)
Debt-to-equity ratio
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 2,531,200 | 2,808,400 | 2,712,200 | 2,713,900 | 2,783,600 |
| Total stockholders’ equity | US$ in thousands | 5,016,900 | 4,876,200 | 4,218,600 | 2,705,200 | 2,115,700 |
| Debt-to-equity ratio | 0.50 | 0.58 | 0.64 | 1.00 | 1.32 |
September 30, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $2,531,200K ÷ $5,016,900K
= 0.50
The debt-to-equity ratio of Hologic, Inc. has been showing a declining trend over the past five years, indicating an improvement in the company's leverage position. As of September 30, 2023, the ratio stood at 0.57, a decrease from 0.58 in the previous year. This suggests that the company's reliance on debt in relation to equity has decreased, potentially reducing its financial risk and enhancing its ability to meet its long-term obligations. The declining trend in the debt-to-equity ratio reflects a potentially stronger financial position for Hologic, Inc. compared to earlier years.
Peer comparison
Sep 30, 2023