Tempur Sealy International Inc (TPX)
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 | — | — | — | — | 1,502,600 |
| Total stockholders’ equity | US$ in thousands | 333,400 | -12,300 | 285,800 | 503,600 | 359,500 |
| Debt-to-capital ratio | 0.00 | — | 0.00 | 0.00 | 0.81 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $333,400K)
= 0.00
The debt-to-capital ratio of Tempur Sealy International Inc has exhibited fluctuations over the past five years. The ratio decreased from 0.81 in 2019 to 0.73 in 2020, indicating a lower reliance on debt compared to total capital. However, in the following years, the ratio rose to 0.89 in both 2021 and 2023, suggesting an increase in debt relative to total capital. Notably, the ratio peaked at 1.01 in 2022, reflecting a higher proportion of debt in the company's capital structure during that year. Overall, the trend in the debt-to-capital ratio demonstrates varying levels of debt utilization by Tempur Sealy International Inc over the period analyzed.
Peer comparison
Dec 31, 2023