Stryker Corporation (SYK)

Debt-to-equity 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 stockholders’ equity	US$ in thousands	20,634,000	20,149,000	19,762,000	19,172,000	18,593,000	17,905,000	17,361,000	16,895,000	16,616,000	16,463,000	15,674,000	15,046,000	14,877,000	14,178,000	13,820,000	13,502,000	13,084,000	12,986,000	12,754,000	13,115,000
Debt-to-equity ratio		0.59	0.66	0.51	0.56	0.59	0.58	0.64	0.70	0.71	0.77	0.85	0.92	0.84	0.89	0.92	0.97	1.01	0.92	0.93	0.72

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 of Stryker Corporation has exhibited a downward trend over the past few years, indicating a decreasing reliance on debt financing relative to equity. From a ratio of 0.72 as of March 31, 2020, it increased to a peak of 1.01 by December 31, 2020, before gradually declining to 0.59 as of December 31, 2024. This suggests that the company has been managing its debt levels effectively while maintaining a healthy balance between debt and equity in its capital structure. The decreasing trend in the debt-to-equity ratio could indicate improved financial stability and decreased financial risk for Stryker Corporation.