Service Corporation International (SCI)
Debt-to-assets ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 4,751,450 | 4,595,970 | 4,688,660 | 4,613,200 | 4,649,160 | 4,511,530 | 4,452,370 | 4,327,790 | 4,251,080 | 4,127,410 | 3,954,480 | 3,962,940 | 3,901,300 | 3,759,970 | 3,772,450 | 3,439,100 | 3,514,180 | 3,584,510 | 3,573,710 | 3,535,750 |
| Total assets | US$ in thousands | 17,379,400 | 17,406,400 | 16,780,800 | 16,695,100 | 16,355,400 | 15,683,100 | 15,678,600 | 15,343,900 | 15,066,000 | 14,491,500 | 14,702,000 | 15,457,100 | 15,691,200 | 15,370,200 | 15,344,400 | 14,788,300 | 14,515,400 | 13,787,100 | 13,487,900 | 12,715,300 |
| Debt-to-assets ratio | 0.27 | 0.26 | 0.28 | 0.28 | 0.28 | 0.29 | 0.28 | 0.28 | 0.28 | 0.28 | 0.27 | 0.26 | 0.25 | 0.24 | 0.25 | 0.23 | 0.24 | 0.26 | 0.26 | 0.28 |
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 relatively stable trend over the period from March 31, 2020, to December 31, 2024. The ratio has fluctuated within a range of 0.23 to 0.29 during this period, with the highest value recorded in September 30, 2023.
Overall, the trend indicates that the company has been effectively managing its debt levels in relation to its total assets. A lower debt-to-assets ratio suggests that a smaller proportion of the company's assets are financed through debt, which can be viewed positively as it indicates lower financial risk and greater financial stability.
It is important to continue monitoring the debt-to-assets ratio in conjunction with other financial metrics to assess the company's overall financial health and capital structure.
Peer comparison
Dec 31, 2024