Zebra Technologies Corporation (ZBRA)
Debt-to-equity 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-equity ratio | 0.58 | 0.61 | 0.57 | 0.67 | 0.70 | 0.68 | 0.65 | 0.66 | 0.76 | 0.80 | 0.31 | 0.31 | 0.33 | 0.36 | 0.40 | 0.41 | 0.56 | 0.55 | 0.68 | 0.59 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $2,092,000K ÷ $3,586,000K
= 0.58
Zebra Technologies Corporation's debt-to-equity ratio has shown fluctuations over the past few years. The ratio decreased steadily from December 2019 to June 2021, indicating a reduction in the company's reliance on debt to finance its operations relative to equity. This trend suggests a stronger financial position and potentially lower financial risk.
However, from June 2021 to December 2022, there was an increase in the debt-to-equity ratio, indicating a higher level of debt compared to equity. This could signal a shift in the company's capital structure or increased borrowing for investment or expansion purposes.
From December 2022 to March 2024, the ratio fluctuated around a moderate level, indicating a balanced mix of debt and equity financing. The ratio peaked in June 2022 and remained relatively stable through September 2024.
Overall, the trend in Zebra Technologies Corporation's debt-to-equity ratio suggests a mix of debt and equity financing strategies over the years, with some periods of increasing leverage and others of decreasing reliance on debt. Investors and analysts may want to closely monitor future changes in this ratio to assess the company's financial health and risk profile.
Peer comparison
Dec 31, 2024