Stericycle Inc (SRCL)
Debt-to-equity 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-equity ratio | 0.52 | 0.48 | 0.48 | 0.57 | 0.58 | 0.66 | 0.66 | 0.69 | 0.68 | 0.69 | 0.70 | 0.72 | 0.77 | 0.87 | 0.94 | 1.16 | 1.17 | 1.12 | 1.11 | 1.09 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,310,000K ÷ $2,522,500K
= 0.52
The debt-to-equity ratio of Stericycle Inc. has shown a declining trend over the past four quarters. In Q1 2023, the ratio was at its highest at 0.62, which indicates that the company had more debt relative to equity. However, in Q4 2023, the ratio decreased to 0.51, reflecting a lower reliance on debt financing compared to equity.
This improvement in the debt-to-equity ratio suggests that Stericycle Inc. may be effectively managing its debt levels and potentially reducing financial risk. It is also important to note that the company's ratio has been consistently above 0.5 over the past eight quarters, indicating that there is a moderate level of debt in its capital structure relative to equity.
Overall, the decreasing trend in the debt-to-equity ratio of Stericycle Inc. indicates a positive financial position and prudent management of its capital structure.
Peer comparison
Dec 31, 2023