Avanos Medical Inc (AVNS)
Debt-to-equity ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 828,500 | 1,236,300 | 1,291,200 | 1,263,900 | 1,256,500 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $828,500K
= 0.00
The debt-to-equity ratio for Avanos Medical Inc has consistently been recorded as 0.00 from December 31, 2020, until December 31, 2024. This indicates that the company has either zero debt or that its equity exceeds its debt significantly during this period. A debt-to-equity ratio of 0.00 reflects a capital structure where the company relies more on equity financing rather than debt financing for its operations and growth. Such a low ratio may suggest lower financial risk and may be perceived positively by investors and lenders. However, it is important to note that while a low debt-to-equity ratio can be favorable, it may also indicate a missed opportunity for leveraging debt to potentially boost returns on equity.
Peer comparison
Dec 31, 2024