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