Enovis Corp (ENOV)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Financial leverage ratio | 1.32 | 1.28 | 1.29 | 1.25 | 1.24 | 1.30 | 1.29 | 1.84 | 1.84 | 1.74 | 1.75 | 1.90 | 2.07 | 2.10 | 2.12 | 2.27 | 2.15 | 3.22 | 3.20 | 2.94 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $4,509,330K ÷ $3,418,390K
= 1.32
The financial leverage ratio of Enovis Corp has exhibited some fluctuation over the past eight quarters, ranging from 1.24 to 1.84. In Q1 2022, the company had a relatively high financial leverage ratio of 1.84, reflecting potentially higher debt levels relative to equity. This was followed by a downward trend in the ratio in subsequent quarters, reaching a low of 1.24 by Q4 2022.
Subsequently, there was a slight increase in the financial leverage ratio in Q1 2023 to 1.25, which continued to rise over the next three quarters to reach 1.32 in Q4 2023. Overall, the trend indicates that the company’s financial leverage has been gradually increasing over the past year, potentially indicating a higher reliance on debt financing in its capital structure.
Peer comparison
Dec 31, 2023