Intuitive Surgical Inc (ISRG)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $13,307,600K
= 0.00
Intuitive Surgical Inc's debt-to-equity ratio has consistently been 0.00 for the past five years, including as of December 31, 2023. This indicates that the company has been using minimal debt to finance its operations and has relied more on equity financing. A debt-to-equity ratio of 0.00 typically suggests that the company does not have any long-term debt on its balance sheet, which can be seen as a positive sign as it indicates a lower financial risk and reliance on borrowed capital. It also reflects a strong financial position and the ability to fund growth and operations through internal resources or equity financing. However, it is important to note that a very low debt-to-equity ratio may also indicate underutilization of debt financing, which could potentially limit the company's ability to leverage opportunities for growth or expansion in the future.
Peer comparison
Dec 31, 2023