Stock Analysis on Net

Express Scripts Holding Co. (NASDAQ:ESRX)

$22.49

This company has been moved to the archive! The financial data has not been updated since October 31, 2018.

Debt to Equity
since 2005

Microsoft Excel

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Calculation

Express Scripts Holding Co., debt to equity, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$ in thousands


The financial data reveals several significant trends and fluctuations over the period examined.

Total Debt
Total debt exhibits notable volatility with a general upward trajectory. The total debt increased substantially from approximately 1.5 billion USD in 2005 to a peak above 16 billion USD by the end of 2017. There were periods of sharp increases, particularly between 2010 and 2012, where debt more than tripled, and again from 2014 to 2015, when it rose from about 13.6 billion USD to almost 15.6 billion USD. The data indicates aggressive leveraging or financing activities in several years.
Total Stockholders’ Equity
Equity followed a somewhat erratic pattern, initially declining from 1.46 billion USD in 2005 to below 700 million USD in 2007, signaling potential losses or share repurchases. Subsequently, equity rose sharply, reaching a peak of nearly 23.4 billion USD in 2012. After this peak, equity gradually declined to around 16.2 billion USD by 2016, before increasing slightly to 18.1 billion USD in 2017. The large increase in equity around 2012 suggests significant capital infusion or retained earnings, while the leveling and decline afterward may indicate distributions, losses, or restructuring.
Debt to Equity Ratio
The debt to equity ratio fluctuated considerably, reflecting the inverse movements of debt and equity. The ratio peaked at 2.9 in 2007, indicating a high degree of leverage relative to equity. Following this peak, the ratio declined sharply to 0.69 by 2010, suggesting stronger equity positioning or debt reduction. Another spike occurred in 2011, with a ratio reaching 3.26, corresponding with a steep rise in debt and a drop in equity. From 2012 onward, the ratio remained below 1, fluctuating moderately between 0.64 and 0.96, indicating more balanced leverage levels in recent years.

Overall, the data depicts a company that experienced significant financial restructuring and changing leverage strategies over the period. The peak levels in both debt and equity around 2012 highlight critical financial events, possibly acquisitions or capital restructuring. The subsequent stabilization of the debt to equity ratio below 1 in later years suggests a more conservative or balanced capital structure approach toward the end of the period.


Comparison to Competitors

Express Scripts Holding Co., debt to equity, long-term trends, comparison to competitors

Microsoft Excel

Based on: 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).


Comparison to Sector (Health Care Equipment & Services)

Express Scripts Holding Co., debt to equity, long-term trends, comparison to sector (health care equipment & services)

Microsoft Excel

Based on: 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).


Comparison to Industry (Health Care)

Express Scripts Holding Co., debt to equity, long-term trends, comparison to industry (health care)

Microsoft Excel

Based on: 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).