Masimo Corporation (MASI)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 727,900 | 871,700 | 941,600 | 0 | — |
| Total assets | US$ in thousands | 2,625,700 | 3,041,500 | 3,210,600 | 1,887,000 | 1,712,550 |
| Debt-to-assets ratio | 0.28 | 0.29 | 0.29 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $727,900K ÷ $2,625,700K
= 0.28
The debt-to-assets ratio for Masimo Corporation over the past five years has shown a consistent and low level of debt relative to its total assets. The ratio remained at 0.00 as of December 31, 2020 and December 31, 2021, indicating that the company's total debt was negligible compared to its asset base during those periods.
However, there was a slight increase in the ratio to 0.29 as of December 31, 2022 and December 31, 2023, suggesting that Masimo Corporation may have taken on some debt to finance its operations or investments, but it still maintained a strong asset coverage.
Subsequently, the debt-to-assets ratio decreased to 0.28 as of December 31, 2024, indicating a slight improvement in the company's debt management compared to the previous year. Overall, Masimo Corporation has exhibited a prudent approach to debt utilization, maintaining a relatively low level of debt relative to its asset base over the analyzed period.
Peer comparison
Dec 31, 2024