Omnicell Inc (OMCL)
Debt-to-capital ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 569,662 | 566,571 | — | 467,201 | 50,000 |
| Total stockholders’ equity | US$ in thousands | 1,188,950 | 1,130,140 | 1,146,690 | 967,503 | 845,254 |
| Debt-to-capital ratio | 0.32 | 0.33 | 0.00 | 0.33 | 0.06 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $569,662K ÷ ($569,662K + $1,188,950K)
= 0.32
The debt-to-capital ratio of Omnicell, Inc. has shown fluctuations over the past five years, ranging from 0.06 in 2019 to 0.33 in 2022 and 2020. In general, the company's reliance on debt as a source of financing relative to its total capital structure has been moderate, with the ratio hovering around the 0.30 - 0.33 range in recent years.
The increase in the ratio in 2020 and 2022 may indicate either an increase in debt levels or a decrease in capital, or a combination of both. It suggests that a relatively higher proportion of the company's total capital structure is funded by debt during those years. However, the ratio decreased to 0.30 in 2021, which may signify a reduction in debt or an increase in capital, leading to a lower debt-to-capital ratio.
It is important to further investigate the reasons behind the fluctuations in the debt-to-capital ratio to understand the company's financing decisions and overall financial health. A consistent and sustainable debt-to-capital ratio is key to maintaining a healthy balance between debt and equity financing and managing financial risks effectively.
Peer comparison
Dec 31, 2023