Solventum Corp. (SOLV)
Debt-to-assets ratio
| Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 14,711,000 | 14,377,000 | 13,873,000 | 14,311,000 | 13,641,000 | 13,594,000 | — | — |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | — |
March 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $14,711,000K
= 0.00
The debt-to-assets ratio for Solventum Corp. has consistently been at 0.00 for the past eight quarters, indicating that the company has been operating with no debt on its balance sheet relative to its total assets. This suggests that Solventum Corp. has been financing its operations and growth primarily through equity or other non-debt sources of funding. A low or zero debt-to-assets ratio is generally viewed positively as it indicates lower financial risk and potential for financial distress. However, it is important to consider the overall context and industry norms when interpreting this ratio to fully assess the company's financial health and leverage position.
Peer comparison
Mar 31, 2024