Masimo Corporation (MASI)
Debt-to-equity 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-equity ratio | 0.64 | 0.71 | 0.68 | 0.67 | 0.70 | 0.76 | 0.77 | 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $871,700K ÷ $1,364,800K
= 0.64
The debt-to-equity ratio of Masimo Corporation has shown a fluctuating trend over the period under consideration. As of December 31, 2023, the debt-to-equity ratio stands at 0.64, indicating that the company has a moderate level of debt relative to its equity. This ratio has decreased from the previous quarter, where it was 0.71, suggesting that the company may have reduced its debt levels or increased its equity during this period.
Looking back over the past few quarters, the debt-to-equity ratio has ranged from 0.64 to 0.77. It is notable that in the first quarter of 2022, the debt-to-equity ratio abruptly dropped to 0.00, indicating either a significant reduction in debt or a substantial increase in equity, or perhaps a combination of both. This anomaly suggests a significant event or adjustment in the company's financial structure during that period.
Overall, the trend in Masimo Corporation's debt-to-equity ratio indicates a relatively stable financial position with a reasonable balance between debt and equity. However, further analysis and comparison with industry benchmarks would provide a more comprehensive assessment of the company's leverage and financial risk profile.
Peer comparison
Dec 31, 2023