Owens & Minor Inc (OMI)
Debt-to-assets 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 | — | — | — | — | — | — | — | — | — | — | — | 981,342 | 986,018 | 1,099,640 | 1,269,850 | 1,484,340 | 1,508,420 | — | — | — |
| Total assets | US$ in thousands | 5,093,320 | 5,124,060 | 5,288,000 | 5,310,200 | 5,386,280 | 5,538,580 | 5,555,280 | 5,707,970 | 3,536,550 | 3,584,120 | 3,591,830 | 3,390,820 | 3,335,640 | 3,297,120 | 3,137,790 | 3,714,870 | 3,643,080 | 3,688,420 | 3,896,070 | 3,882,360 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.29 | 0.30 | 0.33 | 0.40 | 0.40 | 0.41 | 0.00 | 0.00 | 0.00 |
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 been relatively stable over the past eight quarters, ranging from 0.41 to 0.46. The ratio measures the proportion of the company's assets financed through debt, with a lower ratio indicating less reliance on debt for funding operations.
The consistent range of 0.41 to 0.46 suggests that Owens & Minor, Inc. has maintained a moderate level of debt relative to its total assets. This indicates a balanced approach to capital structure, leveraging debt while also utilizing equity to fund its operations and investments.
While the company's debt-to-assets ratio has remained fairly steady, investors and stakeholders may want to monitor any potential changes over time, as significant increases in the ratio could signal an increased financial risk due to higher debt levels. Nonetheless, the current ratio indicates a relatively stable financial position in terms of debt management for Owens & Minor, Inc.
Peer comparison
Dec 31, 2023