Dentsply Sirona Inc (XRAY)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,796,000 | 1,826,000 | 1,913,000 | 1,978,000 | 1,433,000 |
| Total assets | US$ in thousands | 7,370,000 | 7,643,000 | 9,239,000 | 9,342,000 | 8,603,000 |
| Debt-to-assets ratio | 0.24 | 0.24 | 0.21 | 0.21 | 0.17 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,796,000K ÷ $7,370,000K
= 0.24
The debt-to-assets ratio of DENTSPLY Sirona Inc has shown a somewhat increasing trend over the past five years. As of December 31, 2023, the ratio stands at 0.29, indicating that approximately 29% of the company's assets are financed by debt. Compared to the previous years, the ratio has been gradually rising from 0.17 in 2019 to 0.29 in 2023.
A higher debt-to-assets ratio suggests that the company is relying more on debt to finance its operations and investments, which can increase financial risk. However, it can also indicate that the company is leveraging debt to fuel growth opportunities, such as acquisitions or expansion projects.
It is essential to consider other financial metrics and industry benchmarks to gain a holistic understanding of DENTSPLY Sirona Inc's financial health and debt management strategy.
Peer comparison
Dec 31, 2023