CONMED Corporation (CNMD)
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 | 2,306,250 | 2,315,740 | 2,285,620 | 2,309,260 | 2,300,020 | 2,325,680 | 2,322,720 | 2,320,120 | 2,297,590 | 2,292,040 | 2,072,260 | 1,785,720 | 1,766,020 | 1,754,090 | 1,761,970 | 1,746,610 | 1,751,670 | 1,743,130 | 1,723,910 | 1,750,970 |
| 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 ÷ $2,306,250K
= 0.00
The debt-to-assets ratio of CONMED Corporation has consistently remained at 0.00 from March 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt financing to acquire assets during this period. A debt-to-assets ratio of 0.00 implies that the company's assets are primarily funded through equity and retained earnings rather than through debt. This could suggest a conservative financial strategy focused on minimizing financial risk and maintaining a strong financial position. It also indicates that the company may have sufficient internal resources to fund its operations and growth without relying on external borrowing. Overall, the stability of the 0.00 debt-to-assets ratio over the period indicates a consistent and prudent approach to managing the company's capital structure.
Peer comparison
Dec 31, 2024