Somnigroup International Inc. (SGI)
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 | — | — | — | — | — |
| Total assets | US$ in thousands | 5,980,400 | 4,553,900 | 4,359,800 | 4,323,400 | 3,308,600 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $5,980,400K
= 0.00
The debt-to-assets ratio for Somnigroup International Inc. has remained consistently at 0.00 for the years ending December 31, 2020, 2021, 2022, 2023, and 2024. This indicates that the company has not utilized any debt to finance its assets during this period. A zero debt-to-assets ratio suggests that the company's assets are wholly financed by equity, which may signify financial stability and a lower risk of default. However, it is important to note that a zero debt-to-assets ratio can also suggest that the company is not taking advantage of potential leverage for growth opportunities.
Peer comparison
Dec 31, 2024