Somnigroup International Inc. (SGI)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 573,200 | 420,700 | 335,400 | 333,400 | 223,700 | 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 | 359,500 |
| 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 | 0.81 |
September 30, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $573,200K)
= 0.00
The debt-to-capital ratio of Somnigroup International Inc. provides insight into the company's proportion of debt to its total capital, which includes both debt and equity. The trend analysis reveals that the debt-to-capital ratio was relatively high at 0.81 as of December 31, 2019, indicating that a significant portion of the company's capital structure was comprised of debt.
However, starting from March 31, 2020, the debt-to-capital ratio dropped significantly to 0.00 and remained at this level throughout the following quarters up to December 31, 2023. A debt-to-capital ratio of 0.00 suggests that the company had no debt in its capital structure during this period, relying solely on equity to fund its operations and investments.
Notably, the data for the following periods, starting from March 31, 2022 and onwards, is indicated as "—," indicating that the specific values for the debt-to-capital ratio are not available. This may suggest a change in reporting practices or data availability for these periods.
Overall, the decreasing trend in the debt-to-capital ratio from a high level of 0.81 in 2019 to consistently 0.00 in the subsequent years highlights a shift towards a more equity-driven capital structure. This may signify a reduced financial risk for the company, as it is less reliant on borrowed funds to support its operations.
Peer comparison
Sep 30, 2024