Service Corporation International (SCI)
Debt-to-assets ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 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 | 3,513,530 | 3,466,770 | 3,464,900 | 3,409,200 |
| Total assets | US$ in thousands | 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 | 13,677,400 | 13,316,300 | 13,360,300 | 13,079,100 |
| Debt-to-assets ratio | 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 | 0.26 | 0.26 | 0.26 | 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 has maintained a consistent debt-to-assets ratio of around 0.29 throughout the last four quarters of 2023, indicating that approximately 29% of the company's assets are financed through debt. This stability suggests that the company has been effectively managing its debt levels relative to its total assets. However, it is worth noting a slight increase in the debt-to-assets ratio from 0.26 in Q1 2022 to 0.29 in Q4 2022, which could indicate a slight uptick in reliance on debt financing. Overall, the company's debt-to-assets ratio remains within a reasonable range, but it would be essential to monitor any future trends in this ratio to ensure sustainable financial health.
Peer comparison
Dec 31, 2023