Dentsply Sirona Inc (XRAY)
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 | 1,796,000 | 1,803,000 | 1,841,000 | 1,842,000 | 1,826,000 | 1,737,000 | 1,807,000 | 1,872,000 | 1,913,000 | 1,925,000 | 1,946,000 | 1,923,000 | 1,978,000 | 1,930,000 | 2,182,700 | 1,421,200 | 1,433,000 | 1,403,900 | 1,441,300 | 1,545,100 |
| Total assets | US$ in thousands | 7,370,000 | 7,201,000 | 7,650,000 | 7,673,000 | 7,643,000 | 7,522,000 | 8,948,000 | 9,172,000 | 9,239,000 | 9,306,000 | 9,378,000 | 9,137,000 | 9,342,000 | 8,895,900 | 8,604,200 | 8,058,400 | 8,603,000 | 8,366,800 | 8,575,300 | 8,604,500 |
| Debt-to-assets ratio | 0.24 | 0.25 | 0.24 | 0.24 | 0.24 | 0.23 | 0.20 | 0.20 | 0.21 | 0.21 | 0.21 | 0.21 | 0.21 | 0.22 | 0.25 | 0.18 | 0.17 | 0.17 | 0.17 | 0.18 |
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 for DENTSPLY Sirona Inc has shown a relatively stable trend over the past eight quarters, ranging from 0.23 to 0.29. This ratio indicates the proportion of the company's assets financed through debt, with lower ratios generally considered more favorable as they suggest lower financial risk and dependency on debt financing.
In the most recent quarter (Q4 2023), the debt-to-assets ratio stood at 0.29, showing a slight increase from the previous quarter but remaining within the range observed over the past two years. This suggests that the company continues to maintain a conservative level of debt relative to its assets.
Overall, the debt-to-assets ratio for DENTSPLY Sirona Inc indicates a prudent approach to managing its debt levels, balancing the use of leverage with maintaining a solid financial position. As this ratio is only one of many metrics used to assess a company's financial health, it is important to consider it in conjunction with other measures and factors impacting the company's overall performance and stability.
Peer comparison
Dec 31, 2023