ResMed Inc (RMD)
Debt-to-capital ratio
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 4,864,040 | 4,129,900 | 3,360,750 | 2,885,680 | 2,497,030 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
June 30, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $4,864,040K)
= 0.00
The debt-to-capital ratio of ResMed Inc has consistently been reported as 0.00 for the last five fiscal years, indicating that the company has not utilized debt as a significant component of its capital structure during this period. A debt-to-capital ratio of 0.00 suggests that the company's capital primarily consists of equity rather than debt financing. This low level of debt relative to capital may indicate a conservative financial strategy focused on minimizing leverage and financial risk. However, it is important to note that a zero debt-to-capital ratio may also limit the company's ability to take advantage of potential tax benefits associated with debt financing. Overall, ResMed's consistently low debt-to-capital ratio reflects a strong balance sheet position with a limited reliance on debt funding.
Peer comparison
Jun 30, 2024