Omnicell Inc (OMCL)
Debt-to-equity 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-equity ratio | 0.48 | 0.50 | 0.00 | 0.48 | 0.06 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $569,662K ÷ $1,188,950K
= 0.48
The debt-to-equity ratio for Omnicell, Inc. has exhibited some fluctuation over the past five years. The ratio was 0.48 in Dec 31, 2023, showing a slight decrease compared to the previous year's ratio of 0.50. In 2021, the ratio was 0.43, indicating a lower level of debt relative to equity. However, there was an increase in the ratio in 2020 to 0.48 from the exceptionally low ratio of 0.06 in 2019.
Overall, the trend suggests that Omnicell has generally maintained a moderate level of debt in relation to equity over the period. It appears that the company may have adjusted its capital structure in recent years, potentially taking on more debt or reducing equity in certain periods. Further analysis incorporating additional financial metrics and industry benchmarks would provide a more comprehensive understanding of Omnicell's leverage position.
Peer comparison
Dec 31, 2023