Artivion Inc (AORT)
Solvency ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 2.86 | 2.81 | 2.68 | 2.64 | 2.40 |
Artivion Inc maintains a strong solvency position, as indicated by its consistently low debt-to-assets, debt-to-capital, and debt-to-equity ratios of 0.00 over the five-year period from 2020 to 2024. These ratios suggest that the company has minimal debt relative to its total assets, capital, and equity, respectively.
The financial leverage ratio, which shows how much debt the company has relative to its equity, has been increasing gradually from 2.40 in 2020 to 2.86 in 2024. While this ratio is still relatively moderate, the upward trend indicates a slight increase in financial risk over the years. However, it is important to note that the ratio remains within reasonable levels and does not raise immediate concerns about the company's solvency.
Overall, Artivion Inc's solvency ratios demonstrate a healthy financial position with low debt and moderate leverage, providing a stable foundation for future growth and financial stability.
Coverage ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Interest coverage | 0.78 | 0.15 | -0.15 | 0.06 | -0.46 |
Artivion Inc's interest coverage ratio has displayed significant fluctuations over the years. In December 31, 2020, the interest coverage ratio was -0.46, indicating that the company's earnings were insufficient to cover its interest expenses. By December 31, 2021, the ratio improved to 0.06 but remained below 1, suggesting that the company's operating income was barely enough to cover its interest payments.
In December 31, 2022, the interest coverage ratio further improved to -0.15, though it still showed a deficit in covering interest obligations. However, by December 31, 2023, the ratio increased to 0.15, signaling a slight improvement in the company's ability to meet its interest payments.
The most recent data for December 31, 2024, shows a notable enhancement in Artivion Inc's interest coverage ratio to 0.78, indicating that the company's operating income is now almost sufficient to cover its interest expenses. Although the ratio has shown improvement in recent years, it is essential for Artivion Inc to continue monitoring and managing its interest coverage ratio to ensure long-term financial stability and sustainability.