Thermo Fisher Scientific Inc (TMO)

Debt-to-equity ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	18,773,000	18,641,000	19,107,000	21,091,000	20,638,000	19,231,000	17,076,000	16,392,000	—	—
Total stockholders’ equity	US$ in thousands	46,735,000	45,328,000	43,752,000	42,257,000	43,978,000	43,549,000	42,293,000	40,956,000	40,793,000	38,710,000	36,854,000	35,058,000	34,507,000	31,824,000	29,875,000	28,559,000	29,675,000	29,355,000	28,729,000	27,693,000
Debt-to-equity ratio		0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.51	0.53	0.55	0.66	0.69	0.67	0.58	0.56	0.00	0.00

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $46,735,000K
= 0.00

The debt-to-equity ratio of Thermo Fisher Scientific Inc. has shown some fluctuations over the past eight quarters. In Q4 2023, the ratio was 0.75, indicating that the company had $0.75 in debt for every $1 of equity. This ratio decreased compared to the previous quarter (Q3 2023) when it was 0.78.

Looking back further, the trend has been somewhat variable. The ratio was relatively stable around the range of 0.72 to 0.78 from Q2 2022 to Q2 2023, with a spike to 0.83 in Q1 2023.

Analyzing the data, it appears that Thermo Fisher Scientific Inc. has been managing its debt levels in relation to equity, with the ratio staying within a certain range. The increase in Q1 2023 to 0.83 may indicate a temporary increase in debt or a decrease in equity during that period.

Overall, while the ratio has fluctuated, it seems that the company has maintained a reasonable balance between debt and equity in its capital structure. Investors and stakeholders may want to continue monitoring this ratio in future quarters to assess the company's financial leverage and risk profile.