Intuitive Surgical Inc (ISRG)

Debt-to-capital ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	16,433,700	15,583,300	14,708,300	13,962,600	13,307,600	12,539,000	11,879,100	11,217,700	11,041,900	11,515,400	12,023,000	12,102,300	11,901,100	11,410,900	10,837,500	10,153,500	9,731,500	9,257,800	8,740,500	8,506,700
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, 2024 calculation

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

The debt-to-capital ratio of Intuitive Surgical Inc has consistently remained at 0.00 from March 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt to finance its operations or growth during this period. A debt-to-capital ratio of 0.00 suggests that the company's capital structure is primarily funded by equity rather than debt, which may imply a lower financial risk for the company as it is not relying on borrowed funds. It is important to note that a low debt-to-capital ratio does not necessarily mean that a company is in a stronger financial position, as there may be other factors at play such as profitability, liquidity, and operational efficiency that also need to be considered when evaluating the overall financial health of the company.