Masimo Corporation (MASI)
Debt-to-assets ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 871,700 | 910,100 | 888,800 | 897,500 | 941,600 | 951,400 | 922,400 | — | 0 | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 3,041,500 | 2,995,900 | 3,011,200 | 3,115,500 | 3,210,600 | 3,056,400 | 2,961,100 | 1,908,800 | 1,887,000 | 1,766,780 | 1,681,690 | 1,597,810 | 1,712,550 | 1,713,140 | 1,635,630 | 1,474,540 | 1,396,130 | 1,314,210 | 1,229,850 | 1,179,380 |
| Debt-to-assets ratio | 0.29 | 0.30 | 0.30 | 0.29 | 0.29 | 0.31 | 0.31 | 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, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $871,700K ÷ $3,041,500K
= 0.29
The debt-to-assets ratio of Masimo Corporation has shown relatively consistent and stable levels over the past few quarters, ranging between 0.29 and 0.31. This indicates that the company carries a moderate level of debt compared to its total assets. The slight fluctuations in the ratio suggest that Masimo has been managing its debt levels effectively.
It is notable that in the first quarter of 2022, the ratio dropped to 0.00, signaling a significant decrease in the company's debt relative to its assets. This could be due to various factors such as debt repayment, increased asset base, or refinancing strategies.
Overall, Masimo's debt-to-assets ratio trend demonstrates a prudent approach to debt management, maintaining a healthy balance between debt and assets to support its operations and growth effectively.
Peer comparison
Dec 31, 2023