Zebra Technologies Corporation (ZBRA)
Debt-to-equity 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-equity ratio | 0.58 | 0.67 | 0.66 | 0.31 | 0.41 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $2,092,000K ÷ $3,586,000K
= 0.58
The debt-to-equity ratio of Zebra Technologies Corporation has shown some fluctuations over the years. As of December 31, 2020, the ratio was 0.41, indicating that the company had higher equity relative to its debt. Subsequently, by December 31, 2021, the ratio decreased to 0.31, suggesting a further strengthening of the company's financial position with lower debt levels.
However, there was a significant increase in the debt-to-equity ratio by December 31, 2022, reaching 0.66. This may indicate that Zebra Technologies Corporation took on more debt relative to its equity, possibly to finance expansion or other strategic initiatives. The trend continued by December 31, 2023, with the ratio rising slightly to 0.67.
By December 31, 2024, the debt-to-equity ratio decreased to 0.58, signaling a reduction in the proportion of debt compared to equity within the company's capital structure. Overall, while the ratio has fluctuated over the years, it is essential for investors and stakeholders to monitor these changes to assess Zebra Technologies Corporation's financial leverage and risk profile effectively.
Peer comparison
Dec 31, 2024