Edwards Lifesciences Corp (EW)

Debt-to-assets ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Long-term debt	US$ in thousands	597,000	596,300	595,700	595,000	594,400
Total assets	US$ in thousands	9,363,200	8,292,500	8,502,600	7,237,100	6,488,100
Debt-to-assets ratio		0.06	0.07	0.07	0.08	0.09

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $597,000K ÷ $9,363,200K
= 0.06

The debt-to-assets ratio of Edwards Lifesciences Corp has exhibited a declining trend over the five-year period under review. Starting at 0.09 in 2019, the ratio has steadily decreased to 0.06 in 2023. This indicates that the company's proportion of debt relative to its total assets has been decreasing, which can be seen as a positive trend from a solvency and financial risk perspective. Lower debt-to-assets ratios suggest lower financial risk and greater financial stability, as the company relies less on debt financing to support its operations.Overall, the decreasing trend in the debt-to-assets ratio of Edwards Lifesciences Corp reflects a potentially stronger financial position and better debt management by the company over the period analyzed.