Zebra Technologies Corporation (ZBRA)
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 | 2,092,000 | 2,047,000 | 1,809,000 | 922,000 | 881,000 |
| Total stockholders’ equity | US$ in thousands | 3,586,000 | 3,036,000 | 2,733,000 | 2,984,000 | 2,144,000 |
| Debt-to-capital ratio | 0.37 | 0.40 | 0.40 | 0.24 | 0.29 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $2,092,000K ÷ ($2,092,000K + $3,586,000K)
= 0.37
The debt-to-capital ratio for Zebra Technologies Corporation has fluctuated over the past five years. It stood at 0.29 as of December 31, 2020, indicating that the company had a debt level of 29% relative to its total capital. By December 31, 2021, the ratio had decreased to 0.24, suggesting a lower reliance on debt in its capital structure.
However, there was a notable increase in the debt-to-capital ratio to 0.40 by the end of both 2022 and 2023. This could signify a potential uptick in the company's debt levels compared to its capital base. By the end of 2024, the ratio decreased slightly to 0.37, still higher than the levels seen in 2020 and 2021 but lower than the peaks reached in 2022 and 2023.
Overall, the trend in Zebra Technologies Corporation's debt-to-capital ratio indicates some variability in its debt management over the period under review. Investors and stakeholders may want to further investigate the factors driving these fluctuations to assess the company's financial health and risk profile accurately.
Peer comparison
Dec 31, 2024