Envestnet Inc (ENV)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	568,191	743,796	722,513	725,614	754,567	940,758	933,165	951,449	957,089	944,435	917,117	914,141	976,337	954,673	875,795	865,569	869,094	862,263	855,251	622,719
Debt-to-capital ratio		0.61	0.54	0.55	0.55	0.54	0.35	0.35	0.47	0.47	0.47	0.48	0.48	0.44	0.44	0.40	0.41	0.26	0.32	0.34	0.32

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $876,612K ÷ ($876,612K + $568,191K)
= 0.61

The debt-to-capital ratio of Envestnet Inc. has shown a fluctuating trend over the past eight quarters. The ratio ranged from 0.47 to 0.61 during this period, indicating that the company's debt levels relative to its total capital have varied.

There was an upward trend in the ratio from Q4 2022 to Q1 2023, reaching a peak of 0.61 in Q4 2023. This increase suggests that the company may have taken on more debt compared to its total capital during this period.

However, in subsequent quarters, the ratio decreased, with slight fluctuations observed, potentially indicating improvements in the company's capital structure or reduction in debt levels relative to its total capital.

Overall, the varying debt-to-capital ratio of Envestnet Inc. suggests changes in the company's leverage and financial risk over the past two years. Further analysis of the company's debt repayment capabilities and capital management strategies may provide more insights into its financial health and efficiency in utilizing debt as a source of financing.