Somnigroup International Inc. (SGI)
Debt-to-equity 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-equity 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 | 4.18 |
September 30, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $573,200K
= 0.00
The debt-to-equity ratio of Somnigroup International Inc. provides insights into the company's capital structure and financial risk management. The ratio is calculated by dividing total debt by total equity.
As of December 31, 2019, the debt-to-equity ratio was 4.18, indicating that the company had a higher level of debt relative to equity. However, in the subsequent quarters, the ratio decreased significantly to 0.00, from March 2020 to December 2024. A debt-to-equity ratio of 0.00 typically suggests that the company has no debt or minimal debt compared to its equity.
The decreasing trend in the debt-to-equity ratio over the years indicates that Somnigroup International Inc. has been able to reduce its debt levels relative to its equity, which is generally viewed positively by investors and lenders. This improvement in the ratio could signify better financial stability and reduced financial risk for the company.
It is important to note that for the quarters ending March 31, 2022, June 30, 2022, September 30, 2022, and December 31, 2022, the debt-to-equity ratio values are not available (marked as "—"). This may be due to data unavailability or specific circumstances during those periods.
Overall, the decreasing trend in the debt-to-equity ratio of Somnigroup International Inc. from a relatively high value in 2019 to consistently low values in the subsequent years suggests a positive direction in the company's financial leverage and risk management strategies.
Peer comparison
Sep 30, 2024