Service Corporation International (SCI)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 4,751,450 | 4,649,160 | 4,251,080 | 3,901,300 | 3,514,180 |
| Total assets | US$ in thousands | 17,379,400 | 16,355,400 | 15,066,000 | 15,691,200 | 14,515,400 |
| Debt-to-assets ratio | 0.27 | 0.28 | 0.28 | 0.25 | 0.24 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $4,751,450K ÷ $17,379,400K
= 0.27
The debt-to-assets ratio of Service Corporation International has shown a slight increasing trend over the years, from 0.24 as of December 31, 2020, to 0.25 by the end of 2021, further rising to 0.28 by December 31, 2022, and remaining at the same level as of December 31, 2023. However, there was a slight decrease to 0.27 by the end of 2024. This indicates that the company's proportion of debt to total assets has been relatively stable, with a moderate level of financial leverage maintained throughout the period. The trend suggests that the company's reliance on debt financing compared to its total assets has been relatively consistent, neither significantly increasing nor decreasing over the years.
Peer comparison
Dec 31, 2024