Viatris Inc (VTRS)

Debt-to-equity ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Long-term debt	US$ in thousands	16,188,100	18,015,200	19,717,100	22,429,200	11,214,300
Total stockholders’ equity	US$ in thousands	20,467,400	21,072,300	20,492,700	22,954,100	0
Debt-to-equity ratio		0.79	0.85	0.96	0.98	—

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $16,188,100K ÷ $20,467,400K
= 0.79

The debt-to-equity ratio for Viatris Inc has shown a fluctuating trend over the past five years. In 2023, the ratio decreased to 0.89 from 0.91 in 2022, indicating a slightly lower level of financial leverage. This decline suggests that the company may have reduced its reliance on debt financing compared to the previous year.

Looking back further, in 2021 and 2020, the debt-to-equity ratio remained constant at 1.13, indicating that Viatris maintained a consistent level of debt relative to its equity during those years. This stable ratio suggests a balanced capital structure with an equal proportion of debt and equity.

In 2019, the ratio was slightly lower at 1.07, indicating a comparatively lower level of debt usage in relation to equity. This could imply a more conservative approach to leverage in that particular year.

Overall, Viatris Inc's debt-to-equity ratio has shown some variability over the past five years, with a mix of lower and constant ratios indicating fluctuations in the company's capital structure and debt management strategies. Further analysis of the company's financial performance and management decisions would be needed to fully understand the implications of these changes in the debt-to-equity ratio.