Artivion Inc (AORT)
Debt-to-equity 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-equity ratio | 1.08 | 1.12 | 1.08 | 1.09 | 1.08 | 1.20 | 1.09 | 1.03 | 1.02 | 0.99 | 1.02 | 1.04 | 0.88 | 0.89 | 0.97 | 0.88 | 0.75 | 0.77 | 0.76 | 0.79 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $305,531K ÷ $281,780K
= 1.08
The debt-to-equity ratio of Artivion Inc has shown a slightly fluctuating trend over the past eight quarters. The ratio has ranged between 1.05 and 1.22 during this period, indicating that the company has been utilizing a mix of debt and equity to finance its operations.
Generally, a higher debt-to-equity ratio suggests that a company is relying more on debt to fund its operations, which can indicate higher financial risk. On the other hand, a lower debt-to-equity ratio implies a more conservative capital structure.
In the case of Artivion Inc, the ratio has mostly hovered above 1.10 in recent quarters, which suggests that the company is more leveraged than if the ratio were closer to 1. A consistent ratio above 1 may indicate that the company has a significant amount of debt relative to its equity, which could potentially lead to higher interest expenses and financial vulnerabilities.
It would be advisable for Artivion Inc to closely monitor and manage its debt levels to ensure a healthy balance between debt and equity financing, maintaining financial stability and minimizing risks associated with high leverage.
Peer comparison
Dec 31, 2023