Stryker Corporation (SYK)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Debt-to-capital ratio | 0.37 | 0.40 | 0.34 | 0.36 | 0.37 | 0.37 | 0.39 | 0.41 | 0.42 | 0.44 | 0.46 | 0.48 | 0.46 | 0.47 | 0.48 | 0.49 | 0.50 | 0.48 | 0.48 | 0.42 |
| 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 |
| Financial leverage ratio | 2.08 | 2.18 | 1.98 | 2.06 | 2.15 | 2.12 | 2.15 | 2.18 | 2.22 | 2.19 | 2.30 | 2.40 | 2.33 | 2.41 | 2.44 | 2.48 | 2.62 | 2.49 | 2.47 | 2.24 |
Stryker Corporation's solvency ratios indicate the company's ability to meet its debt obligations and manage its financial leverage effectively.
1. Debt-to-assets ratio: This ratio shows the proportion of the company's assets financed by debt. The trend shows a gradual decrease over the years, from 0.32 in March 2020 to 0.28 in December 2024, indicating a more conservative approach to debt financing and a stronger asset base.
2. Debt-to-capital ratio: This ratio reflects the extent to which the company's capital structure is composed of debt. Stryker's debt-to-capital ratio has also shown a declining trend, from 0.42 in March 2020 to 0.37 in December 2024. This suggests a reduction in reliance on debt to finance its operations.
3. Debt-to-equity ratio: This ratio indicates the proportion of the company's financing that comes from debt relative to equity. The decreasing trend from 0.72 in March 2020 to 0.59 in December 2024 signifies that Stryker has been decreasing its debt levels compared to equity, which is a positive sign for investors and creditors.
4. Financial leverage ratio: This ratio measures the company's financial risk and indicates how much a company relies on debt to finance its operations. Stryker has managed to decrease its financial leverage ratio from 2.24 in March 2020 to 2.08 in December 2024, showcasing a gradual reduction in financial risk and dependency on debt.
Overall, the declining trends in these solvency ratios demonstrate Stryker Corporation's efforts to strengthen its financial position, lower its reliance on debt, and enhance its overall solvency and financial stability over the years.
Coverage ratios
| 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 | |
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| Interest coverage | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
The interest coverage ratio of Stryker Corporation is not provided in the available financial data up to December 31, 2024. The interest coverage ratio is typically calculated by dividing a company's earnings before interest and taxes (EBIT) by its interest expense. This ratio is used to assess a company's ability to meet its interest obligations with its operating income. Since the data for this ratio is not available, further analysis of Stryker Corporation's ability to cover its interest expenses with its operating income cannot be conducted at this time.