Stericycle Inc (SRCL)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,310,000 | 1,400,000 | 1,630,000 | 1,860,000 | 2,730,000 |
| Total assets | US$ in thousands | 5,352,600 | 5,334,100 | 5,473,100 | 5,581,900 | 6,437,000 |
| Debt-to-assets ratio | 0.24 | 0.26 | 0.30 | 0.33 | 0.42 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,310,000K ÷ $5,352,600K
= 0.24
The debt-to-assets ratio of Stericycle Inc. has been exhibiting a declining trend over the past five years, indicating an improvement in the company's ability to finance its assets with debt. The ratio decreased from 0.41 in 2019 to 0.24 in 2023, showing a consistent effort to reduce reliance on debt financing.
A lower debt-to-assets ratio suggests that Stericycle Inc. is becoming less leveraged and has a stronger financial position with more assets relative to its debt. This trend may be viewed positively by investors and lenders as it reflects prudent financial management and reduced financial risk.
Overall, the decreasing trend in Stericycle Inc.'s debt-to-assets ratio signals an improving debt management strategy and a healthier balance sheet position over the years.
Peer comparison
Dec 31, 2023