Somnigroup International Inc. (SGI)
Debt-to-assets ratio
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 1,502,600 |
| Total assets | US$ in thousands | 4,568,000 | 4,578,000 | 4,585,800 | 4,553,900 | 4,546,100 | 4,570,800 | 4,537,100 | 4,359,800 | 4,351,700 | 4,404,400 | 4,321,900 | 4,323,400 | 4,467,300 | 3,277,600 | 3,542,100 | 3,308,600 | 3,455,400 | 3,201,900 | 3,306,200 | 3,061,800 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.49 |
September 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $4,568,000K
= 0.00
Somnigroup International Inc.'s debt-to-assets ratio has shown a consistent decline over the period from December 31, 2019, to September 30, 2024. The ratio stood at 0.49 on December 31, 2019, indicating that the company's total debt was 49% of its total assets at that time.
However, from March 31, 2020, until the end of the reporting period on September 30, 2024, the debt-to-assets ratio remained at 0.00. This implies that the company had either no debt or a negligible amount of debt in comparison to its total assets during these periods.
A debt-to-assets ratio of 0.00 generally suggests that the company has a strong financial position with minimal debt obligations relative to its asset base. It indicates a lower financial risk, as the company is not heavily reliant on debt to finance its operations or growth.
Overall, the trend of decreasing debt-to-assets ratio and consistently low or zero ratio in the recent periods reflects a healthy financial standing for Somnigroup International Inc., indicating prudent financial management and potentially providing reassurance to investors and creditors regarding the company's solvency and stability.
Peer comparison
Sep 30, 2024