Somnigroup International Inc. (SGI)
Debt-to-assets ratio
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 5,980,400 | 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 |
| 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 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $5,980,400K
= 0.00
The debt-to-assets ratio of Somnigroup International Inc. has remained consistently at 0.00 over the past several quarters from March 31, 2020, to December 31, 2024. This implies that the company has not used debt to finance its assets during this period. A debt-to-assets ratio of 0.00 indicates that the company's total debt was either negligible or non-existent in relation to its total assets.
While a low or zero debt-to-assets ratio can be considered a positive sign, as it suggests a lower financial risk and greater financial stability, it's important to note that solely relying on equity financing may limit the company's growth opportunities compared to leveraging debt for expansion or investment purposes.
Overall, based on the data provided, Somnigroup International Inc. appears to have a conservative financial structure with minimal reliance on debt for funding its operations and investments.
Peer comparison
Dec 31, 2024