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.
Peer comparison
Dec 31, 2023