Enovis Corp (ENOV)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 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 |
Enovis Corp's solvency ratios indicate the company's ability to meet its long-term financial obligations.
- Debt-to-assets ratio: This ratio measures the proportion of the company's assets financed by debt. Enovis Corp consistently maintains a debt-to-assets ratio of 0.00, indicating that the company relies very little on debt to finance its assets.
- Debt-to-capital ratio: This ratio compares the total debt to the total capital (debt + equity) of the company. Enovis Corp also maintains a debt-to-capital ratio of 0.00 across all periods, suggesting a low level of debt relative to its total capital.
- Debt-to-equity ratio: This ratio reflects the company's financial leverage by comparing the total debt to the total equity. Enovis Corp consistently shows a debt-to-equity ratio of 0.00, indicating that the company's reliance on debt is minimal compared to equity.
- Financial leverage ratio: This ratio measures the extent to which a company uses debt to finance its assets. Enovis Corp's financial leverage ratio shows a decreasing trend from 2.27 in March 2020 to 1.84 in December 2024, signifying a reduction in the company's reliance on debt over the years.
Overall, Enovis Corp's solvency ratios demonstrate a strong financial position with minimal debt obligations and a conservative approach to capital structure management.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | -13.45 | -5.90 | -6.27 | -8.79 | -13.40 | -2.43 | -4.72 | -4.49 | -3.36 | -1.43 | -0.07 | 0.07 | 1.33 | 1.20 | 1.87 | 1.68 | 1.56 | 1.76 | 1.83 | 2.14 |
The interest coverage ratio of Enovis Corp has shown a declining trend from March 31, 2020, to December 31, 2024. The ratio started at a healthy 2.14 in March 2020, indicating the company's ability to cover its interest expenses 2.14 times over. However, the ratio declined steadily over the following periods, reaching negative values in March 2022, and hitting a low of -13.40 by December 31, 2023.
A negative interest coverage ratio indicates that the company is not generating enough operating income to cover its interest expenses, which could be a sign of financial distress. This downward trend in the interest coverage ratio suggests that Enovis Corp's ability to meet its interest obligations has deteriorated over time.
Further analysis would be required to understand the reasons behind this trend and to assess the overall financial health and solvency of Enovis Corp.