Service Corporation International (SCI)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 4,649,160 | 4,251,080 | 3,901,300 | 3,514,180 | 3,513,530 |
| Total assets | US$ in thousands | 16,355,400 | 15,066,000 | 15,691,200 | 14,515,400 | 13,677,400 |
| Debt-to-assets ratio | 0.28 | 0.28 | 0.25 | 0.24 | 0.26 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $4,649,160K ÷ $16,355,400K
= 0.28
Service Corp. International's debt-to-assets ratio has remained relatively stable over the past five years, ranging from 0.26 to 0.29. This indicates that the company has consistently maintained a healthy balance between its debt and assets. A debt-to-assets ratio of 0.26 to 0.29 suggests that approximately 26% to 29% of the company's assets are financed by debt, while the remaining percentage is covered by equity. This level of debt leverage is moderate, implying that Service Corp. International has a prudent approach to managing its financial obligations and may have a lower financial risk compared to companies with higher debt ratios. The consistency in the ratio over the years indicates that the company's capital structure has been relatively stable, which could provide a sense of financial reliability to investors and creditors.
Peer comparison
Dec 31, 2023