Zimmer Biomet Holdings Inc (ZBH)

Debt-to-equity ratio

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Long-term debt US$ in thousands 5,341,600 4,737,700 3,956,700 4,826,200 4,867,900 5,127,400 5,189,400 5,204,800 5,152,200 5,055,200 5,172,000 5,286,300 5,463,700 6,458,100 6,802,500 7,538,700 7,626,500 7,840,200 7,759,300 7,724,200
Total stockholders’ equity US$ in thousands 12,468,100 12,374,700 12,741,100 12,598,000 12,480,500 12,510,800 12,371,500 12,150,700 12,020,300 12,244,700 12,118,400 12,015,500 12,660,700 12,708,600 12,577,900 12,445,000 12,194,200 11,872,200 11,641,400 11,878,600
Debt-to-equity ratio 0.43 0.38 0.31 0.38 0.39 0.41 0.42 0.43 0.43 0.41 0.43 0.44 0.43 0.51 0.54 0.61 0.63 0.66 0.67 0.65

December 31, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $5,341,600K ÷ $12,468,100K
= 0.43

The debt-to-equity ratio of Zimmer Biomet Holdings Inc has showcased a decreasing trend over the period from March 31, 2020, to December 31, 2024. The ratio decreased from 0.65 in March 2020 to 0.43 by December 2024. This indicates that the company has been reducing its reliance on debt financing in relation to equity over this period. The decreasing trend suggests that Zimmer Biomet Holdings Inc has been effectively managing its debt levels, which could be viewed positively by investors and creditors alike. However, it is essential to continue monitoring this ratio to ensure the company maintains a healthy balance between debt and equity in its capital structure.