Masimo Corporation (MASI)

Debt-to-assets ratio

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Long-term debt US$ in thousands 727,900 733,200 746,500 841,400 871,700 910,100 888,800 897,500 941,600 951,400 922,400 — 0 — — — — — — —
Total assets US$ in thousands 2,625,700 3,087,800 2,893,900 2,957,700 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
Debt-to-assets ratio 0.28 0.24 0.26 0.28 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

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $727,900K ÷ $2,625,700K
= 0.28

Masimo Corporation's debt-to-assets ratio has been consistently low from March 31, 2020, to December 31, 2021, remaining at 0.00. However, there was a sudden increase in the ratio starting from June 30, 2022, and has since fluctuated between 0.26 and 0.31 as of December 31, 2024. This indicates that Masimo Corporation has started to utilize more debt in relation to its total assets as of June 2022, which may warrant further investigation into the company's financing decisions and potential implications on its financial stability and risk profile.