Owens & Minor Inc (OMI)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | 986,018 | 1,508,420 |
| Total assets | US$ in thousands | 5,093,320 | 5,386,280 | 3,536,550 | 3,335,640 | 3,643,080 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.30 | 0.41 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $5,093,320K
= 0.00
Owens & Minor, Inc.'s debt-to-assets ratio has fluctuated over the past five years, indicating varying levels of financial leverage. The ratio was 0.41 in 2023, down from 0.46 in 2022. This reduction suggests a decrease in the proportion of the company's assets funded by debt, which could indicate a lower financial risk. However, it is important to note that the ratio was considerably higher in 2019 and 2020 at 0.41 and 0.30, respectively. This suggests that the company had higher levels of debt relative to its assets in those years. The significant decrease in 2021 to 0.27, followed by the increase in 2022 and the subsequent decrease in 2023, reflects potential fluctuations in Owens & Minor's capital structure and financial management decisions. Further analysis of the company's debt levels, asset quality, and overall financial health would be necessary to fully assess the implications of these fluctuations in the debt-to-assets ratio.
Peer comparison
Dec 31, 2023