Omnicell Inc (OMCL)
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 | 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-equity ratio | 0.48 | 0.48 | 0.49 | 0.50 | 0.50 | 0.50 | 0.52 | 0.00 | 0.00 | 0.43 | 0.45 | 0.47 | 0.48 | 0.50 | 0.00 | 0.00 | 0.06 | 0.10 | 0.10 | 0.13 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $569,662K ÷ $1,188,950K
= 0.48
Omnicell, Inc.'s debt-to-equity ratio has been relatively stable over the past eight quarters, ranging from 0.48 to 0.53. This ratio indicates that the company has been financing its operations through a mix of debt and equity. With a ratio below 1.0 in each quarter, Omnicell has been utilizing more equity than debt to fund its assets and operations, which can be considered a positive sign for investors and creditors. The slight fluctuations in the ratio suggest that the company's capital structure has remained fairly consistent, maintaining a healthy balance between debt and equity financing. Overall, the trend in Omnicell's debt-to-equity ratio indicates a prudent approach to managing its financial leverage.
Peer comparison
Dec 31, 2023