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.