Masimo Corporation (MASI)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	1,051,900	1,463,200	1,368,800	1,365,200	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
Debt-to-capital ratio		0.41	0.33	0.35	0.38	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

December 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $727,900K ÷ ($727,900K + $1,051,900K)
= 0.41

The debt-to-capital ratio of Masimo Corporation has been consistently low at 0.00% throughout 2020 and 2021. However, starting from the second quarter of 2022, the ratio started to increase, reaching 0.43% in the second and third quarters of 2022. It slightly decreased to 0.41% in the fourth quarter of 2022 before stabilizing around 0.40% for the first half of 2023. The ratio then fluctuated slightly in the second half of 2023 and the first half of 2024, ranging from 0.33% to 0.42%. As of December 31, 2024, the debt-to-capital ratio stood at 0.41%, indicating a moderate level of debt relative to the capital structure of Masimo Corporation.