Owens & Minor Inc (OMI)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 4,656,160 | 5,093,320 | 5,386,280 | 3,536,550 | 3,335,640 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $4,656,160K
= 0.00
The debt-to-assets ratio of Owens & Minor Inc has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not financed its assets through debt during this period. A debt-to-assets ratio of 0.00 signifies that the company's assets are entirely funded by equity rather than debt. This can be seen as a positive sign of financial stability and may indicate a conservative approach to capital structure by Owens & Minor Inc. However, it's important to note that solely relying on equity for asset financing may limit the company's ability to leverage debt for potential growth opportunities or tax benefits.
Peer comparison
Dec 31, 2024