Zebra Technologies Corporation (ZBRA)
Debt-to-assets ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 2,047,000 | 2,121,000 | 2,042,000 | 1,880,000 | 1,809,000 | 2,017,000 | 2,017,000 | 913,000 | 922,000 | 940,000 | 944,000 | 956,000 | 881,000 | 1,086,000 | 986,000 | 1,167,000 | 1,080,000 | 1,314,000 | 1,561,000 | 1,605,000 |
| Total assets | US$ in thousands | 7,306,000 | 7,331,000 | 7,456,000 | 7,474,000 | 7,529,000 | 7,448,000 | 7,385,000 | 6,129,000 | 6,215,000 | 5,865,000 | 5,593,000 | 5,411,000 | 5,375,000 | 5,245,000 | 4,607,000 | 4,540,000 | 4,711,000 | 4,708,000 | 4,701,000 | 4,576,000 |
| Debt-to-assets ratio | 0.28 | 0.29 | 0.27 | 0.25 | 0.24 | 0.27 | 0.27 | 0.15 | 0.15 | 0.16 | 0.17 | 0.18 | 0.16 | 0.21 | 0.21 | 0.26 | 0.23 | 0.28 | 0.33 | 0.35 |
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 of Zebra Technologies Corp. has been relatively stable over the past eight quarters, ranging between 0.18 and 0.31. This ratio indicates the proportion of the company's assets that are financed by debt.
The trend shows that the company has maintained a conservative approach to debt, with the ratio hovering between 0.27 and 0.31, suggesting a moderate reliance on debt to fund its operations and investments. However, it is worth noting that in Q1 2022, the ratio was significantly lower at 0.18, indicating a lower level of debt relative to assets during that period.
Overall, the consistent levels of the debt-to-assets ratio suggest that Zebra Technologies Corp. has been managing its debt levels effectively, maintaining a balance between debt and assets in its capital structure.
Peer comparison
Dec 31, 2023