Teleflex Incorporated (TFX)
Debt-to-capital ratio
Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
---|---|---|---|---|---|---|
Long-term debt | US$ in thousands | 1,727,570 | 1,624,020 | 1,740,100 | 2,377,890 | 1,858,940 |
Total stockholders’ equity | US$ in thousands | 4,440,990 | 4,021,970 | 3,754,750 | 3,336,460 | 2,979,320 |
Debt-to-capital ratio | 0.28 | 0.29 | 0.32 | 0.42 | 0.38 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,727,570K ÷ ($1,727,570K + $4,440,990K)
= 0.28
The debt-to-capital ratio of Teleflex Incorporated has exhibited a decreasing trend over the past five years, indicating a consistent improvement in the company's ability to finance its operations through a mix of debt and equity. As of December 31, 2023, the debt-to-capital ratio stands at 0.29, marking a decrease from 0.30 in 2022. This suggests that Teleflex is relying less on debt and more on equity to fund its operations and investments, which could signify a stronger financial position and lower financial risk. The downward trend in the debt-to-capital ratio may reflect improved financial stability, better access to capital markets, or effective debt management strategies by the company's management. Overall, the decreasing debt-to-capital ratio bodes well for Teleflex's financial health and indicates a prudent approach to capital structure management.
Peer comparison
Dec 31, 2023