ResMed Inc (RMD)
Debt-to-assets ratio
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 6,872,390 | 6,751,710 | 5,095,850 | 4,728,120 | 4,587,380 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
June 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $6,872,390K
= 0.00
The debt-to-assets ratio of ResMed Inc has consistently been 0.00 over the past five years, indicating that the company has not utilized any debt to finance its assets during this period. A debt-to-assets ratio of 0.00 suggests that the company relies primarily on equity financing, which could signify financial strength, low financial risk, and a conservative approach to capital structure. However, it's important to note that a low or zero debt-to-assets ratio may also limit growth opportunities and potential leverage benefits. Overall, ResMed Inc's consistent debt-to-assets ratio of 0.00 reflects a cautious and stable financial strategy focused on minimizing debt levels and ensuring a strong balance sheet position.
Peer comparison
Jun 30, 2024