CONMED Corporation (CNMD)

Debt-to-assets 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	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	780,689	796,148	803,555
Total assets	US$ in thousands	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	1,775,100	1,758,420	1,759,400	1,760,840
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	0.44	0.45	0.46

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $2,300,020K
= 0.00

The debt-to-assets ratio of Conmed Corp. has fluctuated over the past eight quarters, ranging from 0.40 to 0.47. The ratio indicates the proportion of the company's assets financed by debt, with a lower ratio suggesting lower financial risk and greater financial stability.

Throughout this period, Conmed Corp.'s debt-to-assets ratio has generally remained within a relatively stable range, with minor fluctuations. However, a gradual increase in the ratio from Q1 2022 to Q1 2023 may signal an increasing reliance on debt to finance its assets.

It is important for the company to carefully monitor this ratio to ensure sustainable levels of debt relative to its asset base. Further analysis and investigation into the reasons behind the changes in the debt-to-assets ratio over time would be beneficial in assessing Conmed Corp.'s financial health and risk management strategies.