Zimmer Biomet Holdings Inc (ZBH)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 12,468,100 | 12,480,500 | 12,020,300 | 12,660,700 | 12,194,200 |
| Debt-to-capital ratio | 0.30 | 0.28 | 0.30 | 0.30 | 0.38 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $5,341,600K ÷ ($5,341,600K + $12,468,100K)
= 0.30
The debt-to-capital ratio for Zimmer Biomet Holdings Inc has shown a consistent decline from 0.38 as of December 31, 2020, to 0.30 as of December 31, 2021, and has remained stable at this level through December 31, 2022 and 2024. The decreasing trend in this ratio indicates that the company has been gradually reducing its reliance on debt in its capital structure over the years. This may suggest improved financial stability and lower financial risk for the company. Overall, the debt-to-capital ratio trend reflects a prudent approach by Zimmer Biomet Holdings Inc towards managing its debt levels in relation to its total capital.
Peer comparison
Dec 31, 2024