Avanos Medical Inc (AVNS)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 1,154,200 | 1,692,400 | 1,786,900 | 1,594,600 | 1,672,800 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,154,200K
= 0.00
Based on the provided data, Avanos Medical Inc has consistently maintained a debt-to-assets ratio of 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not relied on debt financing to fund its operations and investments, as its total debt is negligible compared to its total assets. A debt-to-assets ratio of 0.00 signifies a strong financial position and low financial risk, as the company's assets are mostly financed through equity rather than debt. This may be viewed positively by investors and creditors as it suggests that Avanos Medical Inc has a relatively secure capital structure and may be better positioned to weather economic downturns or financial challenges. However, it is essential to consider other financial metrics and qualitative factors when assessing the overall financial health and performance of the company.
Peer comparison
Dec 31, 2024