Solventum Corp. (SOLV)
Debt-to-equity ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 3,409,000 | 11,742,000 | 12,059,000 | — |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | — |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $3,409,000K
= 0.00
The debt-to-equity ratio of Solventum Corp. has progressively decreased from 2020 to 2023, reaching 0.00 at the end of each year. This indicates that the company has either reduced its debt levels, increased its equity, or a combination of both over the years. A debt-to-equity ratio of 0.00 suggests that the company has no debt or a minimal amount of debt compared to its equity, reflecting a strong financial position and low financial risk. It implies that the company is primarily financed by equity rather than debt, which can be favorable in terms of financial stability and flexibility.
Peer comparison
Dec 31, 2023