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.
Peer comparison
Dec 31, 2023