ICU Medical Inc (ICUI)
Debt-to-assets 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 | 1,577,770 | 1,589,240 | 1,600,720 | 1,612,200 | 1,623,680 | 1,629,850 | 1,636,030 | 1,642,170 | 0 | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 4,378,440 | 4,376,860 | 4,463,040 | 4,470,630 | 4,515,640 | 4,450,480 | 4,590,000 | 4,746,730 | 1,880,740 | 1,839,350 | 1,802,840 | 1,765,230 | 1,763,690 | 1,729,540 | 1,859,060 | 1,816,980 | 1,692,380 | 1,637,780 | 1,622,920 | 1,613,270 |
| Debt-to-assets ratio | 0.36 | 0.36 | 0.36 | 0.36 | 0.36 | 0.37 | 0.36 | 0.35 | 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-assets ratio = Long-term debt ÷ Total assets
= $1,577,770K ÷ $4,378,440K
= 0.36
The debt-to-assets ratio of ICU Medical, Inc. has remained relatively stable over the past eight quarters, fluctuating around 0.37. This indicates that, on average, the company has financed approximately 37% of its assets with debt during this period. The consistency in the ratio suggests that ICU Medical has maintained a balanced capital structure, using a mix of debt and equity to fund its operations and investments. The slight increase in the ratio from Q1 2022 to Q2 2022 may reflect a strategic decision to utilize more debt for financing, but overall, the company's reliance on debt appears to be moderate and sustainable. Monitoring this ratio over time can provide insights into ICU Medical's leverage levels and financial risk management practices.
Peer comparison
Dec 31, 2023