Omnicell Inc (OMCL)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,188,950 | 1,187,440 | 1,163,560 | 1,142,540 | 1,130,140 | 1,135,400 | 1,092,640 | 1,074,740 | 1,146,690 | 1,111,340 | 1,052,570 | 1,011,010 | 967,503 | 918,399 | 887,461 | 878,500 | 845,254 | 807,533 | 773,242 | 730,485 |
| Debt-to-capital ratio | 0.32 | 0.32 | 0.33 | 0.33 | 0.33 | 0.33 | 0.34 | 0.00 | 0.00 | 0.30 | 0.31 | 0.32 | 0.33 | 0.33 | 0.00 | 0.00 | 0.06 | 0.09 | 0.09 | 0.12 |
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
Omnicell, Inc.'s debt-to-capital ratio has remained relatively stable over the past eight quarters, ranging from 0.32 to 0.34. This ratio indicates that approximately 32% to 34% of the company's capital structure consists of debt, with the remainder funded by equity. The consistency in the ratio suggests that Omnicell has a balanced capital structure and has been managing its debt levels effectively. However, it is important to monitor this ratio over time to ensure that the company's overall financial health and risk profile remain sustainable.
Peer comparison
Dec 31, 2023