Enovis Corp (ENOV)
Financial leverage ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 4,718,780 | 5,550,140 | 5,442,030 | 5,478,680 | 4,509,330 | 4,400,920 | 4,443,550 | 4,299,590 | 4,273,250 | 4,444,820 | 4,503,720 | 8,483,650 | 8,515,340 | 7,972,310 | 7,559,500 | 8,066,610 | 7,351,550 | 7,154,230 | 7,122,520 | 7,455,570 |
| Total stockholders’ equity | US$ in thousands | 2,562,260 | 3,330,420 | 3,286,410 | 3,308,430 | 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 |
| Financial leverage ratio | 1.84 | 1.67 | 1.66 | 1.66 | 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 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $4,718,780K ÷ $2,562,260K
= 1.84
The financial leverage ratio of Enovis Corp has been trending downwards over the past few years, indicating a decreasing reliance on debt to finance its operations. The ratio decreased from 2.27 as of March 31, 2020, to 1.84 as of December 31, 2021. This decline suggests that the company has been reducing its debt levels relative to its equity, which can be seen as a positive sign from a risk perspective. However, the ratio showed a slight increase to 1.84 as of December 31, 2024, after reaching a low of 1.24 as of December 31, 2022. Overall, the decreasing trend in the financial leverage ratio indicates a strengthening financial position and lower financial risk for Enovis Corp.
Peer comparison
Dec 31, 2024