Dentsply Sirona Inc (XRAY)
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 | 1,796,000 | 1,826,000 | 1,913,000 | 1,978,000 | 1,433,000 |
| Total stockholders’ equity | US$ in thousands | 3,293,000 | 3,811,000 | 4,996,000 | 4,932,000 | 5,093,000 |
| Debt-to-equity ratio | 0.55 | 0.48 | 0.38 | 0.40 | 0.28 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,796,000K ÷ $3,293,000K
= 0.55
The debt-to-equity ratio of DENTSPLY Sirona Inc has shown an increasing trend over the past five years. The ratio has risen from 0.28 in 2019 to 0.64 in 2023. This indicates that the company's reliance on debt has been growing relative to its equity position. A higher debt-to-equity ratio can suggest that the company is more leveraged and may face higher financial risk, especially in times of economic downturns or rising interest rates. It is important to monitor this trend closely to ensure that the company's overall financial health remains stable and sustainable.
Peer comparison
Dec 31, 2023
Company name
Symbol
Debt-to-equity ratio
Dentsply Sirona Inc
XRAY
0.55
Envista Holdings Corp
NVST
0.33