Zimmer Biomet Holdings Inc (ZBH)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 5,341,600 | 4,867,900 | 5,152,200 | 5,463,700 | 7,626,500 |
| Total assets | US$ in thousands | 21,365,300 | 21,496,900 | 21,066,000 | 23,456,400 | 24,417,700 |
| Debt-to-assets ratio | 0.25 | 0.23 | 0.24 | 0.23 | 0.31 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $5,341,600K ÷ $21,365,300K
= 0.25
The debt-to-assets ratio of Zimmer Biomet Holdings Inc has shown a gradual decrease from 0.31 as of December 31, 2020, to 0.23 as of December 31, 2021, which indicates a reduction in the company's financial leverage. This decrease suggests that Zimmer Biomet Holdings Inc has been effectively managing its debt relative to its assets over the period under review.
As of December 31, 2022, the ratio remained relatively stable at 0.24, demonstrating the company's ability to maintain a healthy balance between debt and assets. The subsequent year saw a slight decrease to 0.23 as of December 31, 2023, indicating continued prudence in managing debt levels.
By the end of December 31, 2024, the ratio had increased slightly to 0.25, suggesting a moderate uptick in the company's debt relative to its assets. Overall, Zimmer Biomet Holdings Inc appears to have maintained a reasonable debt-to-assets ratio throughout the period, highlighting a balanced approach to financing its operations.
Peer comparison
Dec 31, 2024