Service Corporation International (SCI)
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 | 4,649,160 | 4,251,080 | 3,901,300 | 3,514,180 | 3,513,530 |
| Total stockholders’ equity | US$ in thousands | 1,541,260 | 1,673,190 | 1,909,440 | 1,752,750 | 1,823,310 |
| Debt-to-capital ratio | 0.75 | 0.72 | 0.67 | 0.67 | 0.66 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $4,649,160K ÷ ($4,649,160K + $1,541,260K)
= 0.75
Service Corp. International's debt-to-capital ratio has shown an increasing trend over the past five years, from 0.66 in 2019 to 0.75 in 2023. This indicates that the company has been relying more on debt financing relative to its total capital structure. The increasing trend suggests that the company may be taking on more debt to fund its operations, projects, or acquisitions, which could potentially increase its financial risk. It is important for investors and stakeholders to monitor this ratio to assess the company's ability to meet its debt obligations and manage its overall financial health.
Peer comparison
Dec 31, 2023