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