Artivion Inc (AORT)
Financial leverage 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 | ||
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Total assets | US$ in thousands | 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 | 605,654 | 592,602 | 597,123 | 586,928 |
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 |
Financial leverage ratio | 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 | 2.12 | 2.14 | 2.12 | 2.15 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $792,397K ÷ $281,780K
= 2.81
The financial leverage ratio of Artivion Inc has shown some variability over the past eight quarters, ranging from 2.63 to 2.91. The ratio measures the company's level of debt relative to its equity, indicating the extent to which it relies on debt financing.
The trend indicates an increase in the financial leverage ratio from Q1 2022 to Q3 2022, peaking at 2.91 before declining slightly in subsequent quarters. This suggests that the company's reliance on debt increased initially but has since moderated.
An increasing financial leverage ratio may indicate higher financial risk due to greater debt obligations, while a decreasing ratio could signify a more conservative capital structure. It is important for stakeholders to monitor the ratio to assess the company's ability to meet its debt obligations and manage financial risk effectively.
Peer comparison
Dec 31, 2023