Artivion Inc (AORT)

Debt-to-assets ratio

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	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
Long-term debt	US$ in thousands	305,531	305,877	306,109	306,279	306,499	306,674	306,941	307,232	307,493	307,765	308,050	310,058	290,468	289,697	288,946	244,227	214,571	214,793	215,013	215,260
Total assets	US$ in thousands	792,397	774,787	777,861	757,073	762,798	742,731	764,864	781,856	793,052	818,654	810,497	794,832	789,404	782,200	693,254	621,033	605,654	592,602	597,123	586,928
Debt-to-assets ratio		0.39	0.39	0.39	0.40	0.40	0.41	0.40	0.39	0.39	0.38	0.38	0.39	0.37	0.37	0.42	0.39	0.35	0.36	0.36	0.37

December 31, 2023 calculation

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

The debt-to-assets ratio of Artivion Inc has been relatively stable over the past eight quarters, ranging from 0.39 to 0.42. This ratio indicates the proportion of the company's assets that are financed through debt.

The trend shows that Artivion Inc has maintained a moderate level of debt relative to its total assets during this period. A decreasing trend would suggest that the company is reducing its reliance on debt financing, while an increasing trend would indicate an expanding debt burden.

Overall, Artivion Inc's debt-to-assets ratio suggests a balanced capital structure, with the company having a significant portion of its assets financed through equity. It is important for stakeholders to monitor this ratio to assess the company's financial risk and leverage levels.