Intuitive Surgical Inc (ISRG)

Debt-to-equity 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-equity ratio		0.00	0.00	0.00	0.00	0.00

December 31, 2024 calculation

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

The debt-to-equity ratio for Intuitive Surgical Inc for the years 2020 to 2024 remained consistently at 0.00. This indicates that the company has not utilized any debt to finance its operations during these years, relying solely on equity financing. A debt-to-equity ratio of 0.00 signifies a conservative financial structure with no debt burden, which could be viewed positively by investors and creditors. It suggests that the company has a strong financial position and may be less vulnerable to financial distress from interest payments or principal repayments.