Somnigroup International Inc. (SGI)
Debt-to-equity ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | 1,502,600 |
| Total stockholders’ equity | US$ in thousands | 333,400 | -12,300 | 285,800 | 503,600 | 359,500 |
| Debt-to-equity ratio | 0.00 | — | 0.00 | 0.00 | 4.18 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $333,400K
= 0.00
The debt-to-equity ratio for Somnigroup International Inc. has shown significant fluctuations over the years. In 2019, the ratio was notably high at 4.18, indicating that the company had a higher level of debt relative to its equity. However, the company managed to decrease its debt significantly in 2020, showing a ratio of 0.00, which could suggest a reduction in financial risk and improved financial stability.
Subsequently, for the years 2021 and 2023, the debt-to-equity ratio remained at 0.00, which typically signifies that the company may have either minimal or no debt relative to its equity. It's important to note that an extremely low ratio could also imply that the company is utilizing debt conservatively or that it could be effectively using equity financing.
The absence of data for December 31, 2022, denoted by a dash, limits a comprehensive analysis for that particular year. Overall, the trend of decreasing debt levels and a consistent low debt-to-equity ratio in recent years may indicate a positive financial position and effective management of capital structure by Somnigroup International Inc.
Peer comparison
Dec 31, 2023