Varex Imaging Corp (VREX)
Debt-to-equity ratio
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 441,100 | 412,300 | 431,700 | 452,800 | 364,400 |
| Total stockholders’ equity | US$ in thousands | 567,700 | 533,400 | 483,300 | 451,700 | 444,900 |
| Debt-to-equity ratio | 0.78 | 0.77 | 0.89 | 1.00 | 0.82 |
September 30, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $441,100K ÷ $567,700K
= 0.78
The debt-to-equity ratio of Varex Imaging Corp has shown a fluctuating trend over the past five years, based on the data provided. In the most recent fiscal year ending on September 30, 2023, the company's debt-to-equity ratio was 0.78, indicating that for every dollar of equity, the company had $0.78 of debt.
Comparing this to the previous year, there was a slight increase in the ratio from 0.77 to 0.78. This suggests that the company may have taken on slightly more debt relative to its equity position during the year.
Looking back further, in the fiscal year 2021, the debt-to-equity ratio was 0.89, which was higher than the most recent year. The ratio decreased to 1.00 in 2020, which indicated that the company had an equal amount of debt and equity at that time.
The lowest debt-to-equity ratio in the past five years was in 2019, at 0.82, suggesting a stronger equity position relative to debt compared to the other years.
Overall, the fluctuating trend in Varex Imaging Corp's debt-to-equity ratio over the years indicates varying levels of reliance on debt financing. Investors and stakeholders may want to closely monitor this ratio to assess the company's financial leverage and risk exposure.
Peer comparison
Sep 30, 2023