Stryker Corporation (SYK)

Debt-to-equity 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-equity ratio		0.59	0.59	0.71	0.84	1.01

December 31, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $12,188,000K ÷ $20,634,000K
= 0.59

The debt-to-equity ratio for Stryker Corporation has shown a decreasing trend over the past five years. In December 2020, the ratio stood at 1.01, indicating that the company had more debt than equity. However, by December 2024, the ratio had decreased to 0.59, signaling a lower reliance on debt in comparison to equity for financing its operations and investments. This decline in the debt-to-equity ratio suggests that Stryker has been effectively managing its debt levels and strengthening its financial position relative to shareholders' equity over the period under review.