Zebra Technologies Corporation (ZBRA)
Debt-to-capital ratio
| Dec 31, 2024 | Sep 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 2,092,000 | 2,080,000 | 1,815,000 | 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 |
| Total stockholders’ equity | US$ in thousands | 3,586,000 | 3,421,000 | 3,169,000 | 3,036,000 | 3,013,000 | 2,992,000 | 2,891,000 | 2,733,000 | 2,657,000 | 2,513,000 | 2,906,000 | 2,984,000 | 2,816,000 | 2,589,000 | 2,411,000 | 2,144,000 | 1,931,000 | 1,803,000 | 1,727,000 | 1,839,000 |
| Debt-to-capital ratio | 0.37 | 0.38 | 0.36 | 0.40 | 0.41 | 0.41 | 0.39 | 0.40 | 0.43 | 0.45 | 0.24 | 0.24 | 0.25 | 0.27 | 0.28 | 0.29 | 0.36 | 0.35 | 0.40 | 0.37 |
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 of Zebra Technologies Corporation has shown some fluctuations over the past few years. The ratio decreased from 0.37 at December 31, 2019, to 0.24 at March 31, 2022, indicating a reduction in the proportion of debt compared to total capital. However, the ratio increased to 0.45 at June 30, 2022, before gradually declining to 0.37 at December 31, 2024. This suggests that the company may have taken on more debt relative to its total capital during this period. Overall, Zebra Technologies Corporation's debt-to-capital ratio has remained within a moderate range, signifying a balanced mix of debt and equity in its capital structure.
Peer comparison
Dec 31, 2024