Masimo Corporation (MASI)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,364,800 | 1,275,600 | 1,308,300 | 1,330,300 | 1,338,900 | 1,252,600 | 1,202,700 | 1,582,140 | 1,550,200 | 1,468,150 | 1,391,240 | 1,328,120 | 1,407,640 | 1,414,800 | 1,344,540 | 1,253,280 | 1,167,870 | 1,108,360 | 1,039,870 | 1,005,080 |
| Debt-to-capital ratio | 0.39 | 0.42 | 0.40 | 0.40 | 0.41 | 0.43 | 0.43 | 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $871,700K ÷ ($871,700K + $1,364,800K)
= 0.39
Masimo Corporation's debt-to-capital ratio has been relatively stable over the recent quarters, fluctuating between 0.39 and 0.43. This ratio indicates that Masimo has been utilizing a moderate level of debt to finance its operations compared to its capital structure. Notably, at the end of the first quarter of 2022 and throughout the subsequent periods, the company seemingly had no debt, resulting in a debt-to-capital ratio of 0.00. This sudden decline to zero debt may suggest that Masimo has either paid off its debt obligations or restructured its capital composition during that period. Overall, the company's historical debt-to-capital ratio portrays a consistent and prudent approach towards managing its debt levels relative to its overall capital base.
Peer comparison
Dec 31, 2023