Solventum Corp. (SOLV)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 14,457,000 | 14,377,000 | 13,594,000 | 14,075,000 | — |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | — |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $14,457,000K
= 0.00
The debt-to-assets ratio for Solventum Corp. has shown a consistent downward trend over the past five years. As of December 31, 2021, December 31, 2022, December 31, 2023, and December 31, 2024, the ratio remained at 0.00, indicating that the company's total debt is effectively non-existent in relation to its total assets during these periods. This signifies that Solventum Corp. has a strong financial position with little reliance on debt financing to support its operations and indicates a low level of financial risk. It is essential to monitor this ratio in the future to ensure that the company maintains a healthy balance between debt and assets.
Peer comparison
Dec 31, 2024