Masimo Corporation (MASI)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 871,700 | 941,600 | 0 | — | — |
| Total assets | US$ in thousands | 3,041,500 | 3,210,600 | 1,887,000 | 1,712,550 | 1,396,130 |
| Debt-to-assets ratio | 0.29 | 0.29 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $871,700K ÷ $3,041,500K
= 0.29
Masimo Corporation's debt-to-assets ratio has shown a notable increase from 0.00 in both 2021 and 2020 to 0.29 in both 2023 and 2022. This indicates that the company has started to utilize debt as a source of financing its assets in the recent years. The increase in the debt-to-assets ratio suggests that Masimo Corporation has taken on more debt relative to its total assets, potentially in order to fund business operations or investments. This change in the ratio may reflect a shift in the company's capital structure and financing strategy, which could have implications for its financial risk and future profitability. It would be important to further investigate the reasons behind the increase in the debt-to-assets ratio and assess the overall impact on Masimo Corporation's financial health and performance.
Peer comparison
Dec 31, 2023