Stryker Corporation (SYK)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	20,634,000	18,593,000	16,616,000	14,877,000	13,084,000
Debt-to-capital ratio		0.37	0.37	0.42	0.46	0.50

December 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $12,188,000K ÷ ($12,188,000K + $20,634,000K)
= 0.37

The debt-to-capital ratio of Stryker Corporation has shown a decreasing trend over the past five years, from 0.50 in December 2020 to 0.37 in December 2024. This ratio indicates the proportion of the company's total debt to its total capital, which includes both debt and equity. A declining debt-to-capital ratio suggests that the company has been reducing its reliance on debt financing relative to its total capital structure. This may be viewed positively by investors and creditors as it demonstrates a stronger financial position and lower financial risk. It indicates that Stryker Corporation has been managing its debt levels effectively and may have improved its overall financial health over the period analyzed.