Somnigroup International Inc. (SGI)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 559,000 | 564,500 | 411,800 | 326,600 | 323,400 | 214,100 | 147,500 | 43,600 | -12,300 | -143,300 | -180,900 | -91,300 | 285,800 | 371,000 | 410,100 | 327,200 | 503,600 | 456,200 | 249,700 | 208,400 |
| Debt-to-capital 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 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $559,000K)
= 0.00
The debt-to-capital ratio of Somnigroup International Inc. remained consistently at 0.00 from March 31, 2020, to December 31, 2024, indicating that the company did not rely heavily on debt financing to fund its operations or investments during this period. A debt-to-capital ratio of 0.00 suggests that the company's capital structure was largely composed of equity rather than debt.
This stable and low debt-to-capital ratio may be viewed positively by investors and creditors as it indicates a lower financial risk for the company. A low debt-to-capital ratio generally implies that the company has a strong financial position, lower leverage, and a reduced probability of defaulting on its debt obligations.
However, it is important to note that the debt-to-capital ratio was not available for the periods ending in March 31, 2022, June 30, 2022, September 30, 2022, and December 31, 2022, marked as "—". The absence of data for these periods may limit a complete assessment of the company's capital structure and financial risk during those specific quarters.
Overall, based on the data provided, Somnigroup International Inc. can be seen as maintaining a conservative approach towards debt utilization, which may contribute to its financial stability and resilience in the long term.
Peer comparison
Dec 31, 2024