Dentsply Sirona Inc (XRAY)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 3,293,000 | 3,375,000 | 3,706,000 | 3,641,000 | 3,811,000 | 3,613,000 | 4,837,000 | 4,863,000 | 4,996,000 | 5,060,000 | 5,074,000 | 4,927,000 | 4,932,000 | 4,760,500 | 4,643,100 | 4,687,500 | 5,093,000 | 5,057,300 | 5,181,100 | 5,107,700 |
| Debt-to-capital ratio | 0.35 | 0.35 | 0.33 | 0.34 | 0.32 | 0.32 | 0.27 | 0.28 | 0.28 | 0.28 | 0.28 | 0.28 | 0.29 | 0.29 | 0.32 | 0.23 | 0.22 | 0.22 | 0.22 | 0.23 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,796,000K ÷ ($1,796,000K + $3,293,000K)
= 0.35
The debt-to-capital ratio of DENTSPLY Sirona Inc has shown relatively stable trends over the past eight quarters, ranging from 0.30 to 0.39. This ratio measures the proportion of the company's capital that is financed by debt, with a higher ratio indicating a larger reliance on debt funding.
In the most recent quarter, Q4 2023, the debt-to-capital ratio was 0.39, which is slightly higher compared to the previous quarter and the highest level over the past two years. This suggests a slight increase in the company's debt relative to its total capital in Q4 2023.
Overall, the company's debt-to-capital ratio has fluctuated within a relatively narrow range, indicating a balance between debt and equity in the company's capital structure. It's important for investors to monitor changes in this ratio over time to assess the company's financial risk and leverage levels.
Peer comparison
Dec 31, 2023