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.
Peer comparison
Dec 31, 2023