Intuitive Surgical Inc (ISRG)
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 | 13,307,600 | 11,041,900 | 11,901,100 | 9,731,500 | 8,263,800 |
| 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 + $13,307,600K)
= 0.00
The debt-to-capital ratio of Intuitive Surgical Inc has consistently been 0.00 over the past five years, from 2019 to 2023. This suggests that the company has not utilized debt in its capital structure during this period. A debt-to-capital ratio of 0.00 indicates that the company's capital is composed entirely of equity, implying a lower financial risk as there is no debt that needs to be serviced. This could be a strategic decision by the company to maintain a conservative financial structure and avoid the costs and risks associated with debt. It also indicates that the company has a strong financial position and is capable of funding its operations and growth through internal sources and equity financing.
Peer comparison
Dec 31, 2023