Enovis Corp (ENOV)
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 | 466,164 | 395,000 | 400,000 | 285,000 | 40,000 | 0 | 0 | 1,647,870 | 2,078,620 | 1,611,690 | 1,576,520 | 1,482,000 | 2,204,170 | 2,191,720 | 2,220,930 | 2,513,020 | 2,284,180 | 4,002,360 | 4,078,230 | 4,037,150 |
| Total assets | US$ in thousands | 4,509,330 | 4,400,920 | 4,443,550 | 4,299,590 | 4,273,250 | 4,444,820 | 4,503,720 | 8,483,650 | 8,515,910 | 7,972,310 | 7,559,500 | 8,066,610 | 7,351,550 | 7,154,230 | 7,122,520 | 7,455,570 | 7,386,830 | 9,591,270 | 9,899,250 | 10,502,400 |
| Debt-to-assets ratio | 0.10 | 0.09 | 0.09 | 0.07 | 0.01 | 0.00 | 0.00 | 0.19 | 0.24 | 0.20 | 0.21 | 0.18 | 0.30 | 0.31 | 0.31 | 0.34 | 0.31 | 0.42 | 0.41 | 0.38 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $466,164K ÷ $4,509,330K
= 0.10
The debt-to-assets ratio of Enovis Corp has fluctuated over the past eight quarters. It stood at 0.10 in Q4 2023, showing a slight increase from the previous quarter. Prior to that, the ratio was relatively stable at around 0.09 for Q3 and Q2 2023. However, there was a notable decrease in Q1 2023, where the ratio dropped to 0.07.
Comparing the recent ratios to those of the previous year, there seems to have been an overall improvement in Enovis Corp's debt management. In Q4 2022, the ratio was at 0.06, lower than the Q4 2023 ratio, indicating a potential increase in debt levels compared to assets. The ratio was consistent at 0.10 in Q3 and Q2 2022, before significantly increasing to 0.24 in Q1 2022.
Overall, Enovis Corp's debt-to-assets ratio has shown some variability in recent quarters but has generally remained within a reasonable range. This signals that the company has been effectively managing its debt levels in relation to its assets, with a slight uptick in the most recent period.
Peer comparison
Dec 31, 2023