Solventum Corp. (SOLV)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — |
| Total assets | US$ in thousands | 14,377,000 | 13,594,000 | 14,075,000 | — |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | — |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $14,377,000K
= 0.00
Solventum Corp. has consistently reported a debt-to-assets ratio of 0.00 over the past three years, indicating that the company has not utilized any debt to finance its operations or assets during this period. This could suggest that Solventum Corp. is relying on equity financing or generating sufficient internal cash flows to support its activities without resorting to debt. While a debt-to-assets ratio of 0.00 may indicate strong financial health and a low risk of insolvency related to debt obligations, it is essential to assess the company's overall financial strategy and consider other key financial metrics for a comprehensive evaluation of its financial performance and risk profile.
Peer comparison
Dec 31, 2023