Enovis Corp (ENOV)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 4,718,780 | 4,509,330 | 4,273,250 | 8,515,340 | 7,351,550 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $4,718,780K
= 0.00
The debt-to-assets ratio for Enovis Corp has remained consistently at 0.00 over the five-year period from December 31, 2020, to December 31, 2024. This indicates that the company has no debt in relation to its total assets during this period. A debt-to-assets ratio of 0.00 suggests that the company is not relying on external borrowing to finance its operations or investments, which could be seen as a positive indicator of financial stability and independence. It may also imply that the company has a strong equity position and is able to fund its activities primarily through equity financing. However, it is important to note that while a low debt-to-assets ratio can be advantageous in terms of reducing financial risk, it may also signify missed opportunities for leveraging debt for potential growth or expansion.
Peer comparison
Dec 31, 2024