Omnicell Inc (OMCL)
Debt-to-assets 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 | 569,662 | 568,887 | 568,114 | 567,342 | 566,571 | 565,803 | 565,035 | — | — | 482,822 | 477,554 | 472,347 | 467,201 | 462,115 | 0 | 0 | 50,000 | 77,135 | 76,562 | 96,990 |
| Total assets | US$ in thousands | 2,226,880 | 2,221,580 | 2,193,870 | 2,250,840 | 2,210,760 | 2,179,680 | 2,131,460 | 2,122,590 | 2,142,500 | 2,051,470 | 1,960,990 | 1,886,620 | 1,824,500 | 1,719,280 | 1,222,450 | 1,231,650 | 1,240,810 | 1,244,270 | 1,196,980 | 1,177,060 |
| Debt-to-assets ratio | 0.26 | 0.26 | 0.26 | 0.25 | 0.26 | 0.26 | 0.27 | 0.00 | 0.00 | 0.24 | 0.24 | 0.25 | 0.26 | 0.27 | 0.00 | 0.00 | 0.04 | 0.06 | 0.06 | 0.08 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $569,662K ÷ $2,226,880K
= 0.26
Omnicell, Inc.'s debt-to-assets ratio has remained relatively stable over the past eight quarters, ranging from 0.25 to 0.27. This ratio indicates the proportion of the company's assets that are financed through debt. With values consistently around 0.26, it suggests that approximately 26% of Omnicell's assets are funded by debt on average.
A debt-to-assets ratio of 0.26 indicates that the company relies more on equity financing (74%) rather than debt financing to support its operations and growth. This may be viewed positively by investors and creditors as a lower ratio signifies lower financial risk and greater financial stability.
Overall, the consistent and moderate debt-to-assets ratio of Omnicell, Inc. suggests a prudent approach to managing its financial leverage and maintaining a healthy balance between debt and equity financing.
Peer comparison
Dec 31, 2023