Envestnet Inc (ENV)

Debt-to-assets 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	876,612	875,390	874,175	872,968	871,769	509,006	508,282	850,097	848,862	847,633	846,411	845,195	756,503	749,918	586,031	598,262	305,513	402,785	445,078	297,392
Total assets	US$ in thousands	1,877,250	2,030,890	2,053,900	2,056,460	2,112,160	2,203,220	2,187,400	2,199,770	2,241,180	2,217,340	2,170,700	2,142,990	2,144,290	2,101,260	1,831,400	1,830,460	1,801,880	1,787,140	1,812,340	1,370,590
Debt-to-assets ratio		0.47	0.43	0.43	0.42	0.41	0.23	0.23	0.39	0.38	0.38	0.39	0.39	0.35	0.36	0.32	0.33	0.17	0.23	0.25	0.22

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $876,612K ÷ $1,877,250K
= 0.47

The debt-to-assets ratio of Envestnet Inc. has exhibited a relatively stable trend over the past eight quarters, ranging from 0.39 to 0.47. This ratio indicates the proportion of the company's total debt relative to its total assets.

Envestnet's debt-to-assets ratio increased from 0.39 in Q1 2022 to 0.47 in Q4 2023, reflecting a higher level of debt compared to assets in the most recent quarter. This could suggest that the company has taken on more debt relative to its asset base.

While the ratio fluctuated between 0.43 and 0.45 for the majority of the periods, the increase to 0.47 in Q4 2023 may warrant further investigation into Envestnet's debt management practices. Overall, a higher debt-to-assets ratio may indicate potential financial risk and higher leverage for the company, which could impact its financial stability and solvency.