Enovis Corp (ENOV)
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 | 2,562,260 | 3,418,390 | 3,448,080 | 4,617,380 | 3,543,390 |
| 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 + $2,562,260K)
= 0.00
Based on the data provided for Enovis Corp's debt-to-capital ratio from December 31, 2020, to December 31, 2024, the ratio remained constant at 0.00 throughout the five-year period. This indicates that Enovis Corp has not utilized any debt in its capital structure during this period. A debt-to-capital ratio of 0.00 signifies that the company's capital is entirely financed by equity, which may suggest a conservative financial strategy focused on minimizing financial leverage and associated risks. However, it is essential to consider the overall financial health and operational efficiency of the company in conjunction with this ratio to gain a more comprehensive understanding of Enovis Corp's financial position.
Peer comparison
Dec 31, 2024