Dentsply Sirona Inc (XRAY)
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 | 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-equity ratio | 0.55 | 0.53 | 0.50 | 0.51 | 0.48 | 0.48 | 0.37 | 0.38 | 0.38 | 0.38 | 0.38 | 0.39 | 0.40 | 0.41 | 0.47 | 0.30 | 0.28 | 0.28 | 0.28 | 0.30 |
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 been fluctuating over the past 8 quarters, ranging from 0.42 to 0.64. In general, a lower debt-to-equity ratio indicates a lower level of financial leverage and financial risk.
Overall, the trend in the debt-to-equity ratio appears to have increased from Q2 2022 to Q4 2023, reflecting a potential increase in the company's reliance on debt financing compared to equity financing. However, it is important to note that the ratio has shown some variability during this period.
It is recommended for stakeholders to monitor this ratio closely to assess the company's ability to meet its financial obligations and to evaluate its capital structure strategy over time.
Peer comparison
Dec 31, 2023