Henry Schein Inc (HSIC)
Debt-to-capital ratio
| 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 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 3,655,000 | 3,651,000 | 3,560,000 | 3,472,000 | 3,446,000 | 3,611,000 | 3,594,000 | 3,592,000 | 3,425,000 | 3,457,990 | 3,360,270 | 3,358,170 | 3,348,170 | 3,155,270 | 2,991,090 | 2,974,580 | 2,998,040 | 2,829,530 | 2,827,280 | 2,796,920 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 for Henry Schein Inc has consistently remained at 0.00 for the past several quarters. A debt-to-capital ratio of 0.00 indicates that the company has not used any debt to finance its operations relative to its total capital. This may suggest that Henry Schein Inc primarily relies on equity financing or has very minimal debt in its capital structure.
Having a low or zero debt-to-capital ratio can be viewed positively by investors and creditors as it signifies lower financial risk and less dependence on borrowed funds. However, it's important to note that a zero debt-to-capital ratio may also mean missed opportunities for tax benefits from debt or a potential lack of leverage to magnify returns in a growing market. Overall, maintaining a stable debt-to-capital ratio of 0.00 reflects Henry Schein Inc's prudent financial management strategy and strong capital position.
Peer comparison
Dec 31, 2023