Artivion Inc (AORT)
Financial leverage ratio
Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total assets | US$ in thousands | 789,101 | 803,144 | 789,539 | 784,007 | 792,397 | 774,787 | 777,861 | 757,073 | 762,798 | 742,731 | 764,864 | 781,856 | 793,052 | 818,654 | 810,497 | 794,832 | 789,404 | 782,200 | 693,254 | 621,033 |
Total stockholders’ equity | US$ in thousands | 276,200 | 304,739 | 295,056 | 294,985 | 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 |
Financial leverage ratio | 2.86 | 2.64 | 2.68 | 2.66 | 2.81 | 2.85 | 2.75 | 2.70 | 2.68 | 2.91 | 2.72 | 2.63 | 2.64 | 2.63 | 2.69 | 2.67 | 2.40 | 2.40 | 2.34 | 2.25 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $789,101K ÷ $276,200K
= 2.86
The financial leverage ratio of Artivion Inc has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The ratio started at 2.25 on March 31, 2020, and gradually increased to a peak of 2.91 on September 30, 2022. Subsequently, the ratio decreased and stabilized around 2.6 to 2.7 until December 31, 2024, where it recorded a value of 2.86.
The financial leverage ratio indicates the proportion of the company's debt to its equity, reflecting the level of financial risk and dependency on debt financing. A high financial leverage ratio suggests that the company relies more on debt to finance its operations, which can increase financial risk and reduce financial flexibility. Conversely, a low ratio indicates a more conservative capital structure.
Overall, Artivion Inc's financial leverage ratio trended upwards initially, indicating an increasing reliance on debt financing, but later stabilized and even decreased slightly towards the end of the period. It is important for the company to monitor and manage its financial leverage ratio to maintain a healthy balance between debt and equity and mitigate associated risks.
Peer comparison
Dec 31, 2024