Zebra Technologies Corporation (ZBRA)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 2,047,000 | 1,809,000 | 922,000 | 881,000 | 1,080,000 |
| Total assets | US$ in thousands | 7,306,000 | 7,529,000 | 6,215,000 | 5,375,000 | 4,711,000 |
| Debt-to-assets ratio | 0.28 | 0.24 | 0.15 | 0.16 | 0.23 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,047,000K ÷ $7,306,000K
= 0.28
The debt-to-assets ratio for Zebra Technologies Corp. has shown fluctuating trends over the past five years. As of December 31st, 2023, the ratio stands at 0.30, indicating that 30% of the company's total assets are financed by debt.
Compared to the previous year, there has been an increase in the debt-to-assets ratio, suggesting that the company has taken on more debt relative to its total assets. However, it is important to note that the ratio in 2023 is still within manageable levels.
Looking further back, the ratio was higher in 2020 and 2019 at 0.23 and 0.27, respectively. This indicates that Zebra Technologies Corp. had a higher dependency on debt to finance its assets in those years. Conversely, the ratio was lower in 2021 at 0.16, suggesting that the company relied less on debt financing that year.
Overall, the debt-to-assets ratio provides insight into Zebra Technologies Corp.'s capital structure and financial leverage. It is essential for investors and stakeholders to monitor this ratio over time to assess the company's ability to meet its debt obligations and manage financial risk effectively.
Peer comparison
Dec 31, 2023