Artivion Inc (AORT)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 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 |
Artivion Inc has shown consistently low solvency ratios over the past years, with the Debt-to-assets ratio, Debt-to-capital ratio, and Debt-to-equity ratio all at 0.00 across all reporting periods. This indicates that the company has no debt obligations relative to its total assets, capital, or equity, suggesting a strong financial position in terms of its ability to cover its debts.
The Financial leverage ratio, on the other hand, has been fluctuating over the years, ranging between 2.25 and 2.91. This ratio measures the proportion of the company's total assets that are financed by debt. The increasing trend in the financial leverage ratio from March 31, 2020, to September 30, 2022, followed by a slight decrease in the subsequent reporting periods, indicates varying levels of financial risk taken on by the company over time.
Overall, the solvency ratios suggest that Artivion Inc has been managing its financial obligations effectively, with negligible debt levels in relation to its assets and capital. However, the fluctuating trend in the financial leverage ratio highlights the importance of monitoring debt levels and financial risk management to ensure long-term financial stability and growth.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 0.48 | 0.91 | 0.63 | 0.53 | 0.14 | -0.06 | -0.28 | -0.46 | -0.37 | -1.12 | -0.72 | -0.49 | -0.50 | 0.57 | 0.77 | 0.49 | 0.26 | 0.09 | 0.18 | 0.70 |
The interest coverage ratio of Artivion Inc has shown significant fluctuations over the period from March 31, 2020, to December 31, 2024. The ratio, which indicates the company's ability to meet its interest obligations with its operating income, ranged from a low of -1.12 on September 30, 2022, to a high of 0.91 on September 30, 2024.
The trend in the interest coverage ratio indicates that Artivion Inc has experienced challenges in meeting its interest expenses relative to its operating earnings during the period analyzed. Specifically, the negative ratios recorded in several quarters highlight potential liquidity issues and an inability to generate sufficient operating income to cover interest payments.
It is crucial for Artivion Inc to closely monitor and improve its interest coverage ratio to ensure financial stability and sustainability. Actions such as increasing operating efficiency, reducing debt levels, and enhancing profitability could help the company improve its ability to cover interest expenses in the future.