Henry Schein Inc (HSIC)
Debt-to-capital ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 3,655,000 | 3,446,000 | 3,425,000 | 3,348,170 | 2,998,040 |
| Debt-to-capital ratio | 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)
= $—K ÷ ($—K + $3,655,000K)
= 0.00
The debt-to-capital ratio of Henry Schein Inc has consistently been 0.00 for the past five years, from 2019 to 2023. This indicates that the company has not utilized debt as a source of financing relative to its total capital structure. A debt-to-capital ratio of 0.00 suggests that the company's capital structure is mainly composed of equity and other non-debt sources of funding. It also implies that Henry Schein Inc has been managing its financial leverage effectively by not relying heavily on debt to finance its operations and growth. This stable and low debt-to-capital ratio may reflect a conservative approach to financial risk and a strong balance sheet position.
Peer comparison
Dec 31, 2023