CONMED Corporation (CNMD)
Debt-to-capital 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 | 962,681 | 834,222 | 745,545 | 785,435 | 709,038 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $962,681K)
= 0.00
The debt-to-capital ratio for CONMED Corporation remained consistent at 0.00 from December 31, 2020, to December 31, 2024. This signifies that the company has not utilized debt as a significant portion of its capital structure during this period. A debt-to-capital ratio of 0.00 indicates that the company's total debt is negligible in comparison to its total capital, which could imply a lower risk of financial distress due to debt obligations. This stability in the debt-to-capital ratio suggests that CONMED Corporation has been managing its debt levels prudently and may have been relying more on equity financing or other sources of funding to support its operations and investments.
Peer comparison
Dec 31, 2024