Owens & Minor Inc (OMI)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 924,166 | 945,604 | 938,501 | 712,054 | 462,154 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 1.38 | 3.26 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $924,166K
= 0.00
The debt-to-equity ratio of Owens & Minor, Inc. has fluctuated over the past five years. In 2023, the ratio stands at 2.27, showing a decrease from the previous year's ratio of 2.63 in 2022. This decline indicates that the company has reduced its reliance on debt financing compared to the prior period.
Compared to 2021 and 2020, when the debt-to-equity ratios were 1.01 and 1.38 respectively, the current ratio of 2.27 suggests a higher level of debt relative to equity in the company's capital structure. This may indicate increased leveraging to fund operations or investments.
Moreover, in 2019, the company had a significantly higher debt-to-equity ratio of 3.26, which indicates a substantial proportion of debt used to finance operations and investments. The subsequent decline in the ratio over the following years suggests a shift towards a more balanced capital structure with a potentially improved financial position.
Overall, the trend in the debt-to-equity ratio reflects changes in Owens & Minor, Inc.'s financial leverage and indicates a varying degree of reliance on debt financing over the past five years. Further analysis of the company's financial performance and management of debt levels would provide additional insights into its overall financial health and strategy.
Peer comparison
Dec 31, 2023