Stryker Corporation (SYK)
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 | 10,901,000 | 11,857,000 | 12,472,000 | 13,230,000 | 10,231,000 |
| Total assets | US$ in thousands | 39,912,000 | 36,884,000 | 34,631,000 | 34,330,000 | 30,167,000 |
| Debt-to-assets ratio | 0.27 | 0.32 | 0.36 | 0.39 | 0.34 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $10,901,000K ÷ $39,912,000K
= 0.27
The debt-to-assets ratio of Stryker Corp. has shown a declining trend over the past five years, decreasing from 0.37 in 2019 to 0.33 in 2023. This indicates that the company has reduced its reliance on debt to finance its assets. A lower debt-to-assets ratio suggests that Stryker Corp. is financing a smaller proportion of its assets through debt and is therefore less leveraged, which could potentially lower the company's financial risk. By maintaining a decreasing trend in the debt-to-assets ratio, Stryker Corp. appears to be managing its debt levels effectively and maintaining a healthy balance between debt and equity in its capital structure.
Peer comparison
Dec 31, 2023