Stryker Corporation (SYK)

Debt-to-assets ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Long-term debt	US$ in thousands	12,188,000	10,901,000	11,857,000	12,472,000	13,230,000
Total assets	US$ in thousands	42,971,000	39,912,000	36,884,000	34,631,000	34,330,000
Debt-to-assets ratio		0.28	0.27	0.32	0.36	0.39

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $12,188,000K ÷ $42,971,000K
= 0.28

The debt-to-assets ratio of Stryker Corporation has exhibited a declining trend over the past five years, decreasing from 0.39 on December 31, 2020, to 0.28 on December 31, 2024. This indicates that the company has been able to effectively manage its debt relative to its total assets, showcasing improved financial stability and a stronger balance sheet over the period under review. A decreasing trend in the debt-to-assets ratio typically suggests a lower financial risk for the company, as it signifies a reduced reliance on debt financing compared to its asset base. It is essential to monitor this ratio over time to assess the company's ability to maintain a healthy level of leverage and manage its financial obligations prudently.