Viatris Inc (VTRS)

Debt-to-equity 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
Long-term debt US$ in thousands 16,188,100 17,076,900 17,246,000 18,069,400 18,015,200 18,724,500 19,206,400 18,762,500 19,717,100 19,854,300 20,917,000 22,102,200 22,429,200 11,535,000 11,385,200
Total stockholders’ equity US$ in thousands 20,467,400 20,865,600 20,843,300 20,927,900 21,072,300 19,182,300 19,805,400 20,447,700 20,492,700 21,141,300 21,206,900 21,414,700 22,954,100 -201,000 -1,000 0
Debt-to-equity ratio 0.79 0.82 0.83 0.86 0.85 0.98 0.97 0.92 0.96 0.94 0.99 1.03 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 consistent downward trend over the past four quarters, decreasing from 0.91 in Q4 2022 to 0.89 in Q4 2023. This indicates that the company's reliance on debt to finance its operations has been diminishing relative to its equity.

The downward trend suggests that Viatris Inc has been gradually reducing its debt levels or increasing its equity, which can be seen as a positive sign for investors and creditors. A lower debt-to-equity ratio generally indicates a lower financial risk and a stronger financial position for the company.

It is worth noting that although the ratio has fluctuated slightly, it has remained within a relatively narrow range between 0.88 and 0.91 over the past year, indicating stability in the company's capital structure.

Overall, the decreasing trend in Viatris Inc's debt-to-equity ratio signals a positive direction in terms of its financial leverage and capital structure.


Peer comparison

Dec 31, 2023