Stryker Corporation (SYK)

Debt-to-assets ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Long-term debt	US$ in thousands	12,188,000	13,325,000	10,127,000	10,807,000	10,901,000	10,382,000	11,149,000	11,857,000	11,857,000	12,751,000	13,374,000	13,885,000	12,472,000	12,629,000	12,734,000	13,059,000	13,230,000	12,008,000	11,811,000	9,404,000
Total assets	US$ in thousands	42,971,000	43,833,000	39,130,000	39,402,000	39,912,000	38,042,000	37,409,000	36,830,000	36,884,000	35,983,000	36,032,000	36,137,000	34,631,000	34,145,000	33,698,000	33,455,000	34,330,000	32,286,000	31,483,000	29,440,000
Debt-to-assets ratio		0.28	0.30	0.26	0.27	0.27	0.27	0.30	0.32	0.32	0.35	0.37	0.38	0.36	0.37	0.38	0.39	0.39	0.37	0.38	0.32

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 shown a slight fluctuation over the past few years, ranging from 0.26 to 0.39. The ratio indicates the proportion of the company's assets financed by debt. A lower ratio suggests lower financial risk, as a higher proportion of assets is funded by equity. Stryker's decreasing trend in the debt-to-assets ratio from 0.39 in March 2024 to 0.28 in December 2024 signifies a reduction in reliance on debt financing, which could lead to improved financial stability and flexibility. Monitoring this ratio over time is crucial to assess the company's financial health and risk profile.