Tempur Sealy International Inc (TPX)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | 1,502,600 |
| Total assets | US$ in thousands | 4,553,900 | 4,359,800 | 4,323,400 | 3,308,600 | 3,061,800 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.49 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $4,553,900K
= 0.00
The debt-to-assets ratio of Tempur Sealy International Inc has varied over the past five years. In 2023, the ratio stood at 0.56, indicating that 56% of the company's assets were financed by debt. This represents a decrease from the previous year's ratio of 0.64. The decrease could suggest a more conservative approach to financing, as the company relied less on debt to fund its assets in 2023 compared to 2022.
Looking back further, the ratio was higher in 2022 compared to 2021, before dropping to 0.54 in 2021. The lower ratio in 2021 suggests that the company had a higher proportion of assets funded by equity that year. In 2020, the ratio was at 0.41, indicating a significant decrease in reliance on debt to finance assets compared to the previous years. The ratio then increased slightly to 0.50 in 2019.
Overall, the trend in Tempur Sealy International Inc's debt-to-assets ratio fluctuated over the years, with some fluctuations possibly driven by changes in the company's financing strategies, economic conditions, or overall business performance. An analysis of the trend and its correlation with other financial metrics would provide further insights into the company's financial health and risk exposure.
Peer comparison
Dec 31, 2023