Dentsply Sirona Inc (XRAY)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Financial leverage ratio | 2.24 | 2.13 | 2.06 | 2.11 | 2.01 | 2.08 | 1.85 | 1.89 | 1.85 | 1.84 | 1.85 | 1.85 | 1.89 | 1.87 | 1.85 | 1.72 | 1.69 | 1.65 | 1.66 | 1.68 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $7,370,000K ÷ $3,293,000K
= 2.24
The financial leverage ratio of DENTSPLY Sirona Inc has shown a fluctuating trend over the past eight quarters. The ratio has ranged from a low of 1.85 in Q2 2022 to a high of 2.24 in Q4 2023. Overall, there appears to be an upward trend in the financial leverage ratio, with the ratio steadily increasing from Q2 2022 to Q4 2023.
A financial leverage ratio of 2.24 in Q4 2023 indicates that the company is using debt to finance a significant portion of its assets. This level of leverage might suggest that DENTSPLY Sirona Inc is relying more on debt to fund its operations and growth initiatives, which could potentially lead to higher financial risk. It is important for stakeholders to monitor the trend in the financial leverage ratio closely to assess the company's ability to manage its debt levels effectively.
Peer comparison
Dec 31, 2023