Avanos Medical Inc (AVNS)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 1,154,200 | 1,656,200 | 1,657,800 | 1,661,300 | 1,692,400 | 1,724,900 | 1,666,700 | 1,734,900 | 1,786,900 | 1,775,200 | 1,752,800 | 1,766,500 | 1,594,600 | 1,597,900 | 1,683,300 | 1,648,800 | 1,672,800 | 1,799,100 | 1,755,900 | 1,763,700 |
| 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 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,154,200K
= 0.00
The debt-to-assets ratio for Avanos Medical Inc has consistently remained at 0.00 over the past several quarters, indicating that the company has not used debt to finance its assets during this period. A debt-to-assets ratio of 0.00 suggests that the company has financed its assets entirely with equity, which can be viewed positively as it signifies a low financial risk and stable financial position. However, it is important to note that a very low debt-to-assets ratio may also imply limited financial leverage and potential constraints on growth opportunities that could be achieved through judicious use of debt financing.
Peer comparison
Dec 31, 2024