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.