Enovis Corp (ENOV)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 3,418,390 | 3,439,620 | 3,448,640 | 3,443,340 | 3,448,080 | 3,406,690 | 3,489,270 | 4,600,040 | 4,617,380 | 4,586,540 | 4,307,850 | 4,246,590 | 3,543,390 | 3,412,450 | 3,351,920 | 3,291,140 | 3,441,430 | 2,982,010 | 3,094,800 | 3,577,500 |
| Debt-to-capital ratio | 0.12 | 0.10 | 0.10 | 0.08 | 0.01 | 0.00 | 0.00 | 0.26 | 0.31 | 0.26 | 0.27 | 0.26 | 0.38 | 0.39 | 0.40 | 0.43 | 0.40 | 0.57 | 0.57 | 0.53 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $466,164K ÷ ($466,164K + $3,418,390K)
= 0.12
The debt-to-capital ratio of Enovis Corp has shown fluctuations over the past eight quarters. The ratio ranged from 0.07 to 0.31 during this period.
In Q1 2022, the ratio was significantly high at 0.31, indicating a higher level of debt relative to the company's total capital. Subsequently, in Q4 2022, the ratio decreased to 0.07, signifying a lower level of debt compared to capital.
The ratio gradually increased in the following quarters, reaching its peak in Q4 2023 at 0.12. This indicates that the company's debt level has increased relative to its capital in the most recent quarter.
Overall, Enovis Corp has maintained a relatively moderate debt-to-capital ratio over the analyzed period, with fluctuations reflecting changes in the company's capital structure and debt management strategies. It is important for the company to closely monitor and manage its debt levels to ensure a healthy balance between debt and capital.
Peer comparison
Dec 31, 2023