Artivion Inc (AORT)

Debt-to-capital 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 stockholders’ equity US$ in thousands 281,780 284,329 300,728 328,713 285,696
Debt-to-capital ratio 0.52 0.52 0.51 0.47 0.43

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $305,531K ÷ ($305,531K + $281,780K)
= 0.52

The debt-to-capital ratio of Artivion Inc has shown a steady increasing trend over the past five years, rising from 0.44 in 2019 to 0.52 in 2023. This indicates that the company's reliance on debt as a source of financing relative to its total capital has been on the rise. The consistent increase in the debt-to-capital ratio may suggest that Artivion Inc has been relying more heavily on debt to fund its operations or expansions. It is important for investors and stakeholders to closely monitor this trend as a higher debt-to-capital ratio can increase financial risk and impact the company's ability to meet its financial obligations in the long term.