Artivion Inc (AORT)

Debt-to-assets ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Long-term debt	US$ in thousands	305,531	306,499	307,493	290,468	214,571
Total assets	US$ in thousands	792,397	762,798	793,052	789,404	605,654
Debt-to-assets ratio		0.39	0.40	0.39	0.37	0.35

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $305,531K ÷ $792,397K
= 0.39

The debt-to-assets ratio for Artivion Inc has been relatively stable over the past five years, ranging from 0.37 to 0.41. This ratio indicates the proportion of the company's assets that are financed by debt. A lower ratio suggests a lower level of financial risk, as a higher portion of assets is financed by equity.

In Artivion Inc's case, the trend of the debt-to-assets ratio hovering around 0.40 suggests a consistent balance between debt and equity financing over the period under review. This stability indicates that the company has been managing its debt levels effectively while maintaining a healthy asset base.

While the debt-to-assets ratio is just one measure of a company's financial health, Artivion Inc's consistent ratio in the range of 0.37 to 0.41 suggests a reasonable level of leverage and a prudent approach to managing its capital structure. It shows that the company has been able to use a mix of debt and equity financing to support its operations and investments without taking on excessive risk.