Enovis Corp (ENOV)
Debt-to-equity 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-equity ratio | 0.14 | 0.11 | 0.12 | 0.08 | 0.01 | 0.00 | 0.00 | 0.36 | 0.45 | 0.35 | 0.37 | 0.35 | 0.62 | 0.64 | 0.66 | 0.76 | 0.66 | 1.34 | 1.32 | 1.13 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $466,164K ÷ $3,418,390K
= 0.14
The debt-to-equity ratio of Enovis Corp has shown fluctuations over the past eight quarters. In Q4 2023, the ratio was 0.14, reflecting an increase compared to the previous quarter. However, it is still relatively low compared to historical data. The company had a relatively low level of debt compared to equity in Q4 2023, indicating a stronger equity position.
Looking at the trend over the past quarters, the ratio has been relatively stable between 0.08 and 0.13, apart from a significant spike to 0.45 in Q1 2022. This spike could indicate a temporary increase in debt relative to equity during that period. The subsequent decline to lower levels suggests that the company managed to improve its debt structure over time.
Overall, Enovis Corp seems to maintain a conservative capital structure with a focus on a healthy balance between debt and equity. The recent increase in the debt-to-equity ratio in Q4 2023 should be monitored to ensure it does not indicate a shift towards a riskier financial position.
Peer comparison
Dec 31, 2023