Stericycle Inc (SRCL)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 2,522,500 | 2,475,600 | 2,482,200 | 2,445,400 | 2,420,200 | 2,322,400 | 2,349,900 | 2,377,500 | 2,398,700 | 2,418,500 | 2,489,800 | 2,445,200 | 2,430,100 | 2,333,600 | 2,291,600 | 2,276,200 | 2,330,900 | 2,473,700 | 2,558,000 | 2,566,600 |
| Debt-to-capital ratio | 0.34 | 0.33 | 0.33 | 0.36 | 0.37 | 0.40 | 0.40 | 0.41 | 0.40 | 0.41 | 0.41 | 0.42 | 0.43 | 0.47 | 0.49 | 0.54 | 0.54 | 0.53 | 0.53 | 0.52 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,310,000K ÷ ($1,310,000K + $2,522,500K)
= 0.34
The debt-to-capital ratio of Stericycle Inc. has displayed a declining trend over the past eight quarters, indicating an improvement in the company's financial leverage position. The ratio has decreased from 0.42 in Q1 2022 to 0.34 in Q4 2023. This decline suggests that Stericycle has been successful in reducing its reliance on debt financing relative to its total capital structure.
A lower debt-to-capital ratio signifies that a smaller portion of the company's capital is financed by debt, which can reduce financial risk and enhance financial stability. Stericycle's decreasing trend in this ratio reflects a positive development in its capital structure management and financial health.
Peer comparison
Dec 31, 2023