Merit Medical Systems Inc (MMSI)

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	823,013	282,370	335,232	186,423	186,759	205,412	235,703	243,112	234,397	271,181	284,900	312,875	343,722	349,813	402,915	438,137	431,984	432,456	385,221	362,187
Total stockholders’ equity	US$ in thousands	1,202,000	1,229,880	1,203,700	1,171,660	1,144,400	1,088,840	1,073,310	1,056,520	1,039,800	1,013,380	992,434	976,692	958,575	933,837	928,847	939,798	949,944	949,241	950,675	940,111
Debt-to-equity ratio		0.68	0.23	0.28	0.16	0.16	0.19	0.22	0.23	0.23	0.27	0.29	0.32	0.36	0.37	0.43	0.47	0.45	0.46	0.41	0.39

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $823,013K ÷ $1,202,000K
= 0.68

The debt-to-equity ratio of Merit Medical Systems, Inc. has shown some fluctuations over the past eight quarters. In Q4 2023, the ratio was 0.68, indicating an increase compared to the previous quarter. This suggests that the company relied more on debt financing relative to equity during this period.

However, the Q4 2023 ratio of 0.68 is significantly higher than the ratios observed in the previous quarters, where it ranged between 0.17 to 0.28. This spike in the debt-to-equity ratio in Q4 2023 could be a cause for concern as it may signal increased financial risk for the company due to higher debt levels compared to equity.

Overall, further analysis and monitoring of Merit Medical Systems, Inc.'s debt levels and its impact on the company's financial stability and performance are warranted to assess the potential implications of the recent fluctuations in the debt-to-equity ratio.