CONMED Corporation (CNMD)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $962,681K
= 0.00
The debt-to-equity ratio of CONMED Corporation over the past five years has consistently been 0.00. This indicates that the company has not utilized any debt financing to support its operations, and its capital structure is entirely reliant on equity. A debt-to-equity ratio of 0.00 typically suggests a lower financial risk as the company is not burdened by debt obligations, although it may also indicate missed opportunities for leverage that could potentially enhance returns for shareholders. It is important to consider the reasons behind the consistent 0.00 ratio to assess the company's overall financial strategy and risk management practices.
Peer comparison
Dec 31, 2024