CONMED Corporation (CNMD)
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 | 2,306,250 | 2,300,020 | 2,297,590 | 1,766,020 | 1,751,670 |
| 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 ÷ $2,306,250K
= 0.00
The debt-to-assets ratio of CONMED Corporation has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This implies that the company has not utilized debt financing to acquire assets during this period. A debt-to-assets ratio of 0.00 indicates that the company's assets are entirely funded by equity, suggesting a low financial risk and a strong financial position in terms of solvency. It reflects a conservative approach to capital structure, with a reliance on internally generated funds rather than external debt to support its operations and investments.
Peer comparison
Dec 31, 2024
Company name
Symbol
Debt-to-assets ratio
CONMED Corporation
CNMD
0.00
BioLife Solutions Inc
BLFS
0.01
LivaNova PLC
LIVN
0.22
Masimo Corporation
MASI
0.28
Medtronic PLC
MDT
0.00
TransMedics Group Inc
TMDX
0.00