Intuitive Surgical Inc (ISRG)

Debt-to-capital ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Long-term debt	US$ in thousands	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	16,433,700	13,307,600	11,041,900	11,901,100	9,731,500
Debt-to-capital ratio		0.00	0.00	0.00	0.00	0.00

December 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $16,433,700K)
= 0.00

Intuitive Surgical Inc's debt-to-capital ratio has remained consistently at 0.00 over the past five years, from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt in its capital structure during this period. A debt-to-capital ratio of 0.00 signifies that the company's total debt is negligible in comparison to its total capital, which comprises both debt and equity. This implies that Intuitive Surgical Inc has been financing its operations and investments primarily through equity rather than debt, which can be perceived as a positive indicator of financial stability and solvency.