Enovis Corp (ENOV)
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 | 2,562,260 | 3,418,390 | 3,448,080 | 4,617,380 | 3,543,390 |
| 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 ÷ $2,562,260K
= 0.00
Based on the data provided for Enovis Corp's debt-to-equity ratio from December 31, 2020, to December 31, 2024, the ratio consistently stands at 0.00.
A debt-to-equity ratio of 0.00 indicates that the company has no debt or a negligible amount of debt relative to its equity. This suggests that the company is primarily financed by equity rather than debt, which may indicate a lower level of financial risk.
However, a low or zero debt-to-equity ratio may also imply missed opportunities for leveraging debt to potentially benefit from tax advantages or to fuel growth through additional capital.
In summary, Enovis Corp's consistent 0.00 debt-to-equity ratio over the years suggests a conservative capital structure with limited debt obligations compared to equity, which could be both advantageous in terms of financial stability and limiting potential growth opportunities.
Peer comparison
Dec 31, 2024