Varex Imaging Corp (VREX)
Debt-to-assets 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 | 441,400 | 441,100 | 441,100 | 441,000 | 440,800 | 412,300 | 410,100 | 408,400 | 433,700 | 431,700 | 429,800 | 458,000 | 457,500 | 452,800 | 389,500 | 352,800 | 350,900 | 364,400 | 379,400 | 316,700 |
| Total assets | US$ in thousands | 1,242,300 | 1,249,600 | 1,211,700 | 1,190,800 | 1,180,900 | 1,184,400 | 1,163,400 | 1,142,600 | 1,139,000 | 1,147,500 | 1,160,900 | 1,132,600 | 1,137,100 | 1,139,500 | 1,121,700 | 1,082,000 | 1,068,400 | 1,038,900 | 1,043,700 | 965,600 |
| Debt-to-assets ratio | 0.36 | 0.35 | 0.36 | 0.37 | 0.37 | 0.35 | 0.35 | 0.36 | 0.38 | 0.38 | 0.37 | 0.40 | 0.40 | 0.40 | 0.35 | 0.33 | 0.33 | 0.35 | 0.36 | 0.33 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $441,400K ÷ $1,242,300K
= 0.36
The debt-to-assets ratio of Varex Imaging Corp has shown some variability over the past few years, ranging from 0.33 to 0.40. This ratio indicates the proportion of the company's total assets that are financed by debt.
The trend in the debt-to-assets ratio has generally been stable around the 0.35 to 0.38 range in recent quarters, with a slight increase noted in the most recent quarter, indicating a higher reliance on debt to fund its assets.
A ratio of less than 1 typically suggests that the company has more assets than debt, which could be seen as a positive indicator of financial health. However, a higher debt-to-assets ratio could also indicate a higher level of financial risk for the company, as it may struggle to meet its debt obligations.
Overall, Varex Imaging Corp's debt-to-assets ratio suggests a moderate level of leverage in its capital structure, but further analysis of the company's overall financial position and debt management strategies would be needed to fully assess its financial risk.
Peer comparison
Dec 31, 2023