Stericycle Inc (SRCL)
Debt-to-assets ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,310,000 | 1,200,000 | 1,200,000 | 1,400,000 | 1,400,000 | 1,540,000 | 1,560,000 | 1,650,000 | 1,630,000 | 1,670,000 | 1,750,000 | 1,770,000 | 1,860,000 | 2,030,000 | 2,160,000 | 2,630,000 | 2,730,000 | 2,770,000 | 2,850,000 | 2,810,000 |
| Total assets | US$ in thousands | 5,352,600 | 5,246,100 | 5,213,100 | 5,332,000 | 5,334,100 | 5,340,600 | 5,408,000 | 5,477,100 | 5,473,100 | 5,469,500 | 5,517,100 | 5,531,400 | 5,581,900 | 5,633,200 | 5,685,300 | 6,353,200 | 6,437,000 | 6,676,300 | 6,869,700 | 6,850,700 |
| Debt-to-assets ratio | 0.24 | 0.23 | 0.23 | 0.26 | 0.26 | 0.29 | 0.29 | 0.30 | 0.30 | 0.31 | 0.32 | 0.32 | 0.33 | 0.36 | 0.38 | 0.41 | 0.42 | 0.41 | 0.41 | 0.41 |
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 exhibited a downward trend over the past two years, decreasing from 0.31 in Q2 2022 to 0.24 in Q4 2023. This indicates that the company has been able to reduce its level of debt relative to its total assets over this period. A lower debt-to-assets ratio generally suggests that the company has a stronger financial position and is less reliant on debt financing to support its operations.
The continual decrease in the debt-to-assets ratio indicates that Stericycle Inc. may be effectively managing its debt levels and working towards improving its financial stability. It is important to note that a lower debt-to-assets ratio could also signify a lower risk of financial distress in case of economic downturns or challenges in the industry.
Overall, the consistent decline in the debt-to-assets ratio for Stericycle Inc. is a positive trend that suggests a healthier balance between debt and assets in the company's capital structure. However, it is essential to continue monitoring this ratio in future periods to ensure that the company maintains a sustainable level of debt and remains financially sound.
Peer comparison
Dec 31, 2023