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
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.