Zebra Technologies Corporation (ZBRA)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 3,036,000 | 2,733,000 | 2,984,000 | 2,144,000 | 1,839,000 |
| Debt-to-equity ratio | 0.67 | 0.66 | 0.31 | 0.41 | 0.59 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $2,047,000K ÷ $3,036,000K
= 0.67
The debt-to-equity ratio of Zebra Technologies Corp. has fluctuated over the past five years. In 2023, the ratio stands at 0.73, indicating that the company has $0.73 in debt for every $1 of equity. This represents a slight decrease from the previous year, where the ratio was 0.74.
Comparing the current ratio to 2021, there was a significant increase from 0.33 to 0.73, signifying a higher level of leverage in 2023. However, it is worth noting that the ratio is still lower than in 2020 when it was 0.58 and 2019 when it was 0.69, suggesting that the company has reduced its reliance on debt over the past three years.
Overall, a debt-to-equity ratio of 0.73 indicates that Zebra Technologies Corp. is using a moderate level of debt to finance its operations, while still maintaining a significant portion of equity in its capital structure. Investors and creditors may view this ratio as an acceptable level of leverage, considering the company's ability to manage its debt obligations in relation to its equity.
Peer comparison
Dec 31, 2023