Solventum (Solventum) Debt-to-Asset : 0.56 (As of Mar. 2024)

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What is Solventum Debt-to-Asset?

Solventum's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0 Mil. Solventum's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $8,303 Mil. Solventum's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was $14,711 Mil. Solventum's debt to asset for the quarter that ended in Mar. 2024 was 0.56.

Solventum Debt-to-Asset Historical Data

The historical data trend for Solventum's Debt-to-Asset 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.

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Solventum Debt-to-Asset Chart

Solventum Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

0.58

Solventum Quarterly Data
	Dec20	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial					-	0.58	0.60	0.58	0.56

Competitive Comparison of Solventum's Debt-to-Asset

For the Health Information Services subindustry, Solventum's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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.

Solventum's Debt-to-Asset Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Solventum's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Solventum's Debt-to-Asset falls into.

Solventum Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Solventum's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0	+	8303)	/	14377
	=	0.58

Solventum's Debt-to-Asset for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0	+	8303)	/	14711
	=	0.56

Solventum (NYSE:SOLV) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Solventum Debt-to-Asset Related Terms

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Solventum (Solventum) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Solventum Corp (NYSE:SOLV) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

KB7:Germany

Address

3M Center, St. Paul, MN, USA, 55144

Website

https://www.3m.com

Solventum is an independent healthcare?company with a primary focus on solving big healthcare challenges. Its diverse product portfolio spans across the healthcare industry from medical solutions and oral care to health information systems and separation and purification sciences.

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