Service Corporation International (SCI)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 1,678,000 | 1,541,260 | 1,673,190 | 1,909,440 | 1,752,750 |
| Debt-to-equity ratio | 2.83 | 3.02 | 2.54 | 2.04 | 2.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $4,751,450K ÷ $1,678,000K
= 2.83
The debt-to-equity ratio for Service Corporation International has shown a steady increase over the past five years, starting at 2.00 in December 31, 2020, and reaching 2.83 by December 31, 2024. This indicates that the company has been relying more on debt financing relative to equity during this period. The uptrend in the ratio suggests that Service Corporation International may be taking on more debt to fund its operations or growth initiatives. It is essential for stakeholders to monitor this trend to ensure that the company's debt levels remain sustainable and in line with its overall financial strategy.
Peer comparison
Dec 31, 2024