Artivion Inc (AORT)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	281,780	271,975	282,508	279,917	284,329	255,108	281,509	297,492	300,728	311,541	301,835	297,331	328,713	325,766	296,556	276,609	285,696	277,501	282,153	272,622
Debt-to-capital ratio		0.52	0.53	0.52	0.52	0.52	0.55	0.52	0.51	0.51	0.50	0.51	0.51	0.47	0.47	0.49	0.47	0.43	0.44	0.43	0.44

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 been relatively stable over the past eight quarters, ranging from 0.51 to 0.55. The ratio measures the proportion of the company's capital that is financed by debt.

Artivion Inc's average debt-to-capital ratio over this period is approximately 0.53, indicating that, on average, 53% of the company's capital structure is funded by debt. This suggests that Artivion Inc relies moderately on debt financing to support its operations and growth initiatives.

The slight fluctuations in the ratio over time may reflect changes in the company's debt levels or capital structure adjustments. Overall, the stability of the debt-to-capital ratio for Artivion Inc indicates a consistent approach to balancing debt and equity in its financing strategy.