Stock Analysis on Net

Stryker Corp. (NYSE:SYK)

This company has been moved to the archive! The financial data has not been updated since April 29, 2022.

Analysis of Solvency Ratios 
Quarterly Data

Microsoft Excel

Solvency Ratios (Summary)

Stryker Corp., solvency ratios (quarterly data)

Microsoft Excel
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 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
Debt Ratios
Debt to equity 0.94 0.84 0.89 0.92 0.97 1.07 1.01 1.01 0.80 0.87 0.68 0.71 0.72 0.84 0.73 0.76 0.86 0.72 0.69 0.73 0.74
Debt to capital 0.48 0.46 0.47 0.48 0.49 0.52 0.50 0.50 0.44 0.46 0.41 0.42 0.42 0.46 0.42 0.43 0.46 0.42 0.41 0.42 0.43
Debt to assets 0.39 0.36 0.37 0.38 0.39 0.41 0.41 0.41 0.36 0.37 0.32 0.32 0.33 0.36 0.33 0.33 0.36 0.33 0.34 0.35 0.35
Financial leverage 2.40 2.33 2.41 2.44 2.48 2.62 2.49 2.47 2.24 2.36 2.16 2.21 2.22 2.32 2.24 2.28 2.40 2.23 2.06 2.12 2.11

Based on: 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

Solvency ratio Description The company
Debt to equity ratio A solvency ratio calculated as total debt divided by total shareholders’ equity. Stryker Corp. debt to equity ratio improved from Q3 2021 to Q4 2021 but then deteriorated significantly from Q4 2021 to Q1 2022.
Debt to capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. Stryker Corp. debt to capital ratio improved from Q3 2021 to Q4 2021 but then deteriorated significantly from Q4 2021 to Q1 2022.
Debt to assets ratio A solvency ratio calculated as total debt divided by total assets. Stryker Corp. debt to assets ratio improved from Q3 2021 to Q4 2021 but then deteriorated significantly from Q4 2021 to Q1 2022.
Financial leverage ratio A solvency ratio calculated as total assets divided by total shareholders’ equity. Stryker Corp. financial leverage ratio decreased from Q3 2021 to Q4 2021 but then increased from Q4 2021 to Q1 2022 not reaching Q3 2021 level.

Debt to Equity

Stryker Corp., debt to equity calculation (quarterly data)

Microsoft Excel
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 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
Selected Financial Data (US$ in millions)
Current maturities of debt 214 7 22 6 15 761 1,119 1,110 1,103 859 526 539 521 1,373 1,275 1,277 1,984 632 632 774 35
Long-term debt, excluding current maturities 13,885 12,472 12,629 12,734 13,059 13,230 12,008 11,811 9,404 10,231 7,889 7,974 7,950 8,486 5,928 5,925 5,920 6,590 6,593 6,592 7,184
Total debt 14,099 12,479 12,651 12,740 13,074 13,991 13,127 12,921 10,507 11,090 8,415 8,513 8,471 9,859 7,203 7,202 7,904 7,222 7,225 7,366 7,219
 
Total Stryker shareholders’ equity 15,046 14,877 14,178 13,820 13,502 13,084 12,986 12,754 13,115 12,807 12,315 11,943 11,693 11,730 9,860 9,460 9,214 9,966 10,425 10,035 9,704
Solvency Ratio
Debt to equity1 0.94 0.84 0.89 0.92 0.97 1.07 1.01 1.01 0.80 0.87 0.68 0.71 0.72 0.84 0.73 0.76 0.86 0.72 0.69 0.73 0.74
Benchmarks
Debt to Equity, Competitors2
Abbott Laboratories 0.48 0.50 0.53 0.55 0.55 0.57 0.59 0.64 0.60 0.58 0.60 0.61 0.62
Cigna Group 0.72 0.71 0.72 0.68 0.66 0.65 0.75 0.77 0.81 0.83 0.87 0.89 0.95
CVS Health Corp. 0.76 0.75 0.79 0.81 0.87 0.93 0.97 1.05 1.10 1.07 1.10 1.16 1.25
Elevance Health Inc. 0.65 0.64 0.64 0.66 0.69 0.60 0.61 0.62 0.68 0.63 0.65 0.63 0.64
Humana Inc. 0.87 0.80 0.77 0.50 0.54 0.51 0.51 0.56 0.66 0.49 0.55 0.50 0.58
Intuitive Surgical Inc. 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Medtronic PLC 0.50 0.51 0.60 0.60 0.57 0.49 0.49 0.51 0.52 0.51 0.50 0.50 0.50
UnitedHealth Group Inc. 0.65 0.64 0.67 0.70 0.70 0.66 0.67 0.72 0.91 0.71 0.82 0.80 0.74

Based on: 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

1 Q1 2022 Calculation
Debt to equity = Total debt ÷ Total Stryker shareholders’ equity
= 14,099 ÷ 15,046 = 0.94

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to equity ratio A solvency ratio calculated as total debt divided by total shareholders’ equity. Stryker Corp. debt to equity ratio improved from Q3 2021 to Q4 2021 but then deteriorated significantly from Q4 2021 to Q1 2022.

Debt to Capital

Stryker Corp., debt to capital calculation (quarterly data)

Microsoft Excel
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 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
Selected Financial Data (US$ in millions)
Current maturities of debt 214 7 22 6 15 761 1,119 1,110 1,103 859 526 539 521 1,373 1,275 1,277 1,984 632 632 774 35
Long-term debt, excluding current maturities 13,885 12,472 12,629 12,734 13,059 13,230 12,008 11,811 9,404 10,231 7,889 7,974 7,950 8,486 5,928 5,925 5,920 6,590 6,593 6,592 7,184
Total debt 14,099 12,479 12,651 12,740 13,074 13,991 13,127 12,921 10,507 11,090 8,415 8,513 8,471 9,859 7,203 7,202 7,904 7,222 7,225 7,366 7,219
Total Stryker shareholders’ equity 15,046 14,877 14,178 13,820 13,502 13,084 12,986 12,754 13,115 12,807 12,315 11,943 11,693 11,730 9,860 9,460 9,214 9,966 10,425 10,035 9,704
Total capital 29,145 27,356 26,829 26,560 26,576 27,075 26,113 25,675 23,622 23,897 20,730 20,456 20,164 21,589 17,063 16,662 17,118 17,188 17,650 17,401 16,923
Solvency Ratio
Debt to capital1 0.48 0.46 0.47 0.48 0.49 0.52 0.50 0.50 0.44 0.46 0.41 0.42 0.42 0.46 0.42 0.43 0.46 0.42 0.41 0.42 0.43
Benchmarks
Debt to Capital, Competitors2
Abbott Laboratories 0.33 0.34 0.35 0.35 0.35 0.36 0.37 0.39 0.38 0.37 0.38 0.38 0.38
Cigna Group 0.42 0.42 0.42 0.40 0.40 0.40 0.43 0.44 0.45 0.45 0.46 0.47 0.49
CVS Health Corp. 0.43 0.43 0.44 0.45 0.47 0.48 0.49 0.51 0.52 0.52 0.52 0.54 0.56
Elevance Health Inc. 0.39 0.39 0.39 0.40 0.41 0.38 0.38 0.38 0.41 0.39 0.39 0.39 0.39
Humana Inc. 0.46 0.44 0.43 0.33 0.35 0.34 0.34 0.36 0.40 0.33 0.35 0.33 0.37
Intuitive Surgical Inc. 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Medtronic PLC 0.34 0.34 0.37 0.37 0.36 0.33 0.33 0.34 0.34 0.34 0.33 0.34 0.33
UnitedHealth Group Inc. 0.39 0.39 0.40 0.41 0.41 0.40 0.40 0.42 0.48 0.41 0.45 0.44 0.43

Based on: 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

1 Q1 2022 Calculation
Debt to capital = Total debt ÷ Total capital
= 14,099 ÷ 29,145 = 0.48

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. Stryker Corp. debt to capital ratio improved from Q3 2021 to Q4 2021 but then deteriorated significantly from Q4 2021 to Q1 2022.

Debt to Assets

Stryker Corp., debt to assets calculation (quarterly data)

Microsoft Excel
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 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
Selected Financial Data (US$ in millions)
Current maturities of debt 214 7 22 6 15 761 1,119 1,110 1,103 859 526 539 521 1,373 1,275 1,277 1,984 632 632 774 35
Long-term debt, excluding current maturities 13,885 12,472 12,629 12,734 13,059 13,230 12,008 11,811 9,404 10,231 7,889 7,974 7,950 8,486 5,928 5,925 5,920 6,590 6,593 6,592 7,184
Total debt 14,099 12,479 12,651 12,740 13,074 13,991 13,127 12,921 10,507 11,090 8,415 8,513 8,471 9,859 7,203 7,202 7,904 7,222 7,225 7,366 7,219
 
Total assets 36,137 34,631 34,145 33,698 33,455 34,330 32,286 31,483 29,440 30,167 26,659 26,354 25,937 27,229 22,084 21,570 22,133 22,197 21,485 21,292 20,517
Solvency Ratio
Debt to assets1 0.39 0.36 0.37 0.38 0.39 0.41 0.41 0.41 0.36 0.37 0.32 0.32 0.33 0.36 0.33 0.33 0.36 0.33 0.34 0.35 0.35
Benchmarks
Debt to Assets, Competitors2
Abbott Laboratories 0.23 0.24 0.25 0.25 0.25 0.26 0.27 0.29 0.27 0.27 0.28 0.28 0.28
Cigna Group 0.22 0.22 0.22 0.21 0.21 0.21 0.22 0.23 0.24 0.24 0.25 0.25 0.26
CVS Health Corp. 0.24 0.24 0.25 0.26 0.27 0.28 0.29 0.30 0.31 0.31 0.31 0.33 0.34
Elevance Health Inc. 0.23 0.24 0.23 0.24 0.24 0.23 0.24 0.24 0.26 0.26 0.26 0.25 0.26
Humana Inc. 0.29 0.29 0.28 0.19 0.20 0.20 0.21 0.21 0.23 0.20 0.22 0.21 0.22
Intuitive Surgical Inc. 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Medtronic PLC 0.28 0.28 0.31 0.31 0.31 0.27 0.28 0.28 0.29 0.28 0.28 0.28 0.28
UnitedHealth Group Inc. 0.21 0.22 0.22 0.23 0.23 0.22 0.23 0.24 0.27 0.23 0.26 0.25 0.24

Based on: 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

1 Q1 2022 Calculation
Debt to assets = Total debt ÷ Total assets
= 14,099 ÷ 36,137 = 0.39

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to assets ratio A solvency ratio calculated as total debt divided by total assets. Stryker Corp. debt to assets ratio improved from Q3 2021 to Q4 2021 but then deteriorated significantly from Q4 2021 to Q1 2022.

Financial Leverage

Stryker Corp., financial leverage calculation (quarterly data)

Microsoft Excel
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 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
Selected Financial Data (US$ in millions)
Total assets 36,137 34,631 34,145 33,698 33,455 34,330 32,286 31,483 29,440 30,167 26,659 26,354 25,937 27,229 22,084 21,570 22,133 22,197 21,485 21,292 20,517
Total Stryker shareholders’ equity 15,046 14,877 14,178 13,820 13,502 13,084 12,986 12,754 13,115 12,807 12,315 11,943 11,693 11,730 9,860 9,460 9,214 9,966 10,425 10,035 9,704
Solvency Ratio
Financial leverage1 2.40 2.33 2.41 2.44 2.48 2.62 2.49 2.47 2.24 2.36 2.16 2.21 2.22 2.32 2.24 2.28 2.40 2.23 2.06 2.12 2.11
Benchmarks
Financial Leverage, Competitors2
Abbott Laboratories 2.09 2.10 2.14 2.17 2.17 2.21 2.20 2.25 2.21 2.18 2.15 2.16 2.19
Cigna Group 3.31 3.29 3.25 3.17 3.16 3.09 3.33 3.37 3.43 3.44 3.46 3.52 3.64
CVS Health Corp. 3.15 3.10 3.16 3.16 3.24 3.32 3.38 3.46 3.54 3.48 3.52 3.57 3.68
Elevance Health Inc. 2.79 2.70 2.74 2.75 2.83 2.61 2.55 2.55 2.60 2.44 2.48 2.46 2.48
Humana Inc. 3.02 2.76 2.79 2.56 2.64 2.55 2.44 2.67 2.80 2.42 2.52 2.44 2.61
Intuitive Surgical Inc. 1.13 1.14 1.13 1.13 1.14 1.15 1.15 1.16 1.16 1.18 1.18 1.17 1.17
Medtronic PLC 1.78 1.81 1.92 1.91 1.87 1.79 1.79 1.80 1.81 1.79 1.78 1.78 1.79
UnitedHealth Group Inc. 3.04 2.96 3.03 3.05 3.09 3.01 2.93 3.03 3.32 3.02 3.16 3.15 3.12

Based on: 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

1 Q1 2022 Calculation
Financial leverage = Total assets ÷ Total Stryker shareholders’ equity
= 36,137 ÷ 15,046 = 2.40

2 Click competitor name to see calculations.

Solvency ratio Description The company
Financial leverage ratio A solvency ratio calculated as total assets divided by total shareholders’ equity. Stryker Corp. financial leverage ratio decreased from Q3 2021 to Q4 2021 but then increased from Q4 2021 to Q1 2022 not reaching Q3 2021 level.