Zebra Technologies Corporation (ZBRA)
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 | 2,092,000 | 2,047,000 | 1,809,000 | 922,000 | 881,000 |
| Total assets | US$ in thousands | 7,968,000 | 7,306,000 | 7,529,000 | 6,215,000 | 5,375,000 |
| Debt-to-assets ratio | 0.26 | 0.28 | 0.24 | 0.15 | 0.16 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,092,000K ÷ $7,968,000K
= 0.26
The debt-to-assets ratio of Zebra Technologies Corporation has fluctuated over the past five years. As of December 31, 2020, the ratio stood at 0.16, indicating that 16% of the company's total assets were financed by debt. By the end of 2021, this ratio decreased slightly to 0.15, suggesting a more conservative capital structure with a lower reliance on debt financing.
However, in the subsequent years, there was an upward trend in the debt-to-assets ratio. By December 31, 2022, the ratio had increased to 0.24, signaling that 24% of Zebra Technologies' assets were funded by debt. This trend continued into 2023 and 2024, with the ratios reaching 0.28 and 0.26, respectively.
The increasing debt-to-assets ratio over these years may indicate a shift towards more aggressive leveraging, potentially increasing the company's financial risk. It is essential for investors and stakeholders to monitor this ratio closely to assess Zebra Technologies Corporation's ability to meet its debt obligations and manage its financial leverage effectively.
Peer comparison
Dec 31, 2024