A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for ZimVie's Debt-to-Equity or its related term are showing as below:
ZIMV'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.06 Max: 0.79
Current: 0.79
During the past 4 years, the highest Debt-to-Equity Ratio of ZimVie was 0.79. The lowest was 0.04. And the median was 0.06.
ZIMV's Debt-to-Equity is ranked worse than 83.21% of 685
companies
in the Medical Devices & Instruments industry
Industry Median: 0.19
vs ZIMV: 0.79
ZimVie Debt-to-Equity Historical Data
The historical data trend for ZimVie's Debt-to-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
* Premium members only.
ZimVie Annual Data
Trend
Dec18
Dec19
Dec20
Dec21
Debt-to-Equity
N/A
0.05
0.06
0.04
ZimVie Quarterly Data
Dec18
Dec19
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Debt-to-Equity
N/A
0.07
0.04
0.75
0.79
Competitive Comparison
For the Medical Devices subindustry, ZimVie's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
ZimVie Debt-to-Equity Distribution
For the Medical Devices & Instruments industry and Healthcare sector, ZimVie's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where ZimVie's Debt-to-Equity falls into.
ZimVie Debt-to-Equity Calculation
Debt to Equity measures the financial leverage a company has.
ZimVie's Debt to Equity Ratio for the fiscal year that ended in Dec. 2021 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
ZimVie Debt-to-Equity Related Terms
Thank you for viewing the detailed overview of ZimVie's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
ZimVie Inc is focused on the dental and spine markets and their respective growth drivers such as implants, surgical tools, bone graft substitutes, spinal fusion implants, non-fusion alternatives, and digital care management solutions.
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