Hologic Inc (HOLX)
Debt-to-equity ratio
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 2,497,100 | 2,531,200 | 2,808,400 | 2,712,200 | 2,713,900 |
| Total stockholders’ equity | US$ in thousands | 5,130,000 | 5,016,900 | 4,876,200 | 4,218,600 | 2,705,200 |
| Debt-to-equity ratio | 0.49 | 0.50 | 0.58 | 0.64 | 1.00 |
September 30, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $2,497,100K ÷ $5,130,000K
= 0.49
The debt-to-equity ratio of Hologic Inc has exhibited a declining trend from 1.00 in 2020 to 0.49 in 2024. This indicates a decrease in the company's reliance on debt and a strengthening of its financial position in terms of equity financing. Lower debt-to-equity ratios generally imply a lower financial risk and better solvency for the company. The declining trend suggests that Hologic Inc has been gradually reducing its debt levels relative to its equity over the past five years. This trend could be perceived positively by investors and creditors as it reflects a more conservative capital structure and improved financial stability for the company.
Peer comparison
Sep 30, 2024