Owens & Minor Inc (OMI)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 924,166 | 886,860 | 896,229 | 924,400 | 945,604 | 966,837 | 958,659 | 947,622 | 938,501 | 887,005 | 848,019 | 786,261 | 712,054 | 451,335 | 395,162 | 416,338 | 462,154 | 491,278 | 496,901 | 501,839 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.56 | 0.58 | 0.71 | 0.76 | 0.78 | 0.77 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $924,166K)
= 0.00
Owens & Minor, Inc.'s debt-to-capital ratio has shown some fluctuations over the past eight quarters. The ratio decreased from 0.74 in Q1 2022 to 0.69 in Q4 2023, which may indicate that the company was able to reduce its debt relative to its total capital during this period. However, it is worth noting that the ratio has generally remained within the range of 0.69 to 0.74 since Q1 2022, suggesting that Owens & Minor, Inc. has maintained a relatively stable level of debt in comparison to its capital structure.
A decreasing trend in the debt-to-capital ratio is typically viewed positively by investors and creditors as it may indicate improved financial health and lower financial risk. On the other hand, an increasing trend could raise concerns about the company's ability to meet its debt obligations and potentially indicate a more leveraged capital structure.
To better evaluate Owens & Minor, Inc.'s debt management and financial health, it would be beneficial to compare its debt levels with industry benchmarks and analyze the company's ability to generate sufficient earnings and cash flow to service its debt obligations. Additional information on the company's long-term debt repayment schedule, interest coverage ratio, and overall financial performance would provide a more comprehensive picture of its debt sustainability.
Peer comparison
Dec 31, 2023