Avanos Medical Inc (AVNS)
Debt-to-capital 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | 226,300 | — | — | — | 130,000 | 145,000 | 165,000 | 175,000 | 180,000 | — | — | — | 248,100 | 247,900 | 247,800 | 247,900 |
| Total stockholders’ equity | US$ in thousands | 1,236,300 | 1,222,100 | 1,234,800 | 1,298,700 | 1,291,200 | 1,263,500 | 1,259,000 | 1,262,800 | 1,270,600 | 1,267,100 | 1,301,700 | 1,257,400 | 1,262,100 | 1,289,900 | 1,261,600 | 1,256,500 | 1,272,600 | 1,266,900 | 1,276,900 | 1,280,100 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.15 | 0.00 | 0.00 | 0.00 | 0.09 | 0.10 | 0.11 | 0.12 | 0.12 | 0.00 | 0.00 | 0.00 | 0.16 | 0.16 | 0.16 | 0.16 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,236,300K)
= 0.00
The debt-to-capital ratio of Avanos Medical Inc has shown relatively stable levels over the past eight quarters, ranging from 0.12 to 0.18. This ratio represents the proportion of a company's capital that is financed by debt, with lower ratios indicating a lower reliance on debt for funding operations. Avanos Medical Inc's decreasing trend from 0.18 in Q3 2023 to 0.12 in Q4 2023 suggests a decreasing reliance on debt in their capital structure, which can be seen as positive in terms of financial health and risk management. Overall, the company appears to maintain a conservative approach towards debt financing, which could potentially provide stability and flexibility in managing financial obligations and investments.
Peer comparison
Dec 31, 2023