Intuitive Surgical Inc (ISRG)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 15,441,500 | 12,974,000 | 13,555,000 | 11,168,900 | 9,733,200 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $15,441,500K
= 0.00
The debt-to-assets ratio for Intuitive Surgical Inc has consistently been 0.00 for the past five years, including the most recent data as of December 31, 2023. This indicates that the company has not utilized debt to finance its operations and investments but instead relies on its equity and internal resources to support its assets. A debt-to-assets ratio of 0.00 signifies a low financial risk associated with debt obligations and a strong financial position with a high level of asset coverage by equity. It suggests that Intuitive Surgical Inc has managed its finances prudently and does not carry a significant burden of debt, potentially reducing financial leverage and interest costs. Overall, the consistent 0.00 debt-to-assets ratio reflects a conservative capital structure and financial stability within the company.
Peer comparison
Dec 31, 2023