Revvity Inc. (RVTY)

Debt-to-capital ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Long-term debt	US$ in thousands	3,177,770	3,923,350	4,979,740	1,609,700	2,064,040
Total stockholders’ equity	US$ in thousands	7,872,740	7,382,880	7,141,240	3,735,490	2,813,820
Debt-to-capital ratio		0.29	0.35	0.41	0.30	0.42

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $3,177,770K ÷ ($3,177,770K + $7,872,740K)
= 0.29

The debt-to-capital ratio of Revvity Inc. has fluctuated over the past five years, highlighting varying levels of leverage. In 2023, the ratio decreased to 0.33 from 0.37 in 2022, indicating a more conservative capital structure with a lower proportion of debt relative to total capital. This could suggest improved financial stability and reduced financial risk. Comparing to 2021, when the ratio was 0.35, the current level of debt in relation to capital is lower. However, the ratio was higher in 2019 at 0.42, signifying increased leverage back then. It is essential for stakeholders to monitor the trend of the debt-to-capital ratio over time to assess the company's financial health and risk management strategies.