Owens & Minor Inc (OMI)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.25 | 1.38 | 2.44 | 3.21 | 3.57 | 3.26 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $924,166K
= 0.00
Owens & Minor, Inc.'s debt-to-equity ratio has exhibited fluctuations over the past eight quarters, ranging from 2.27 in Q4 2023 to 2.78 in Q1 2022. This ratio indicates that the company has been relying more on debt financing relative to equity financing in recent quarters.
The upward trend in the ratio from Q1 2022 to Q4 2022 suggests an increase in debt relative to equity during that period. However, the ratio started to decline in the second half of 2022 and continued to fluctuate in 2023, indicating a potential effort to reduce debt levels or increase equity.
The debt-to-equity ratio exceeding 2 indicates that Owens & Minor, Inc. has a higher level of debt compared to equity in its capital structure. Investors and creditors may perceive this as a higher financial risk, as the company may have increased financial leverage. It is essential for the company to manage its debt levels effectively to ensure financial stability and meet debt obligations.
Overall, a decreasing trend in the debt-to-equity ratio in recent quarters would be positive, indicating a more balanced capital structure. However, further analysis of the company's financial health, profitability, and future financial plans would provide a more comprehensive assessment of Owens & Minor, Inc.'s overall financial strength and sustainability.
Peer comparison
Dec 31, 2023