Integra LifeSciences Holdings (IART)

Debt-to-assets ratio

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Long-term debt US$ in thousands 1,087,920 1,395,820 1,300,490 1,388,680 1,408,220
Total assets US$ in thousands 4,037,420 3,781,990 3,889,760 3,782,380 3,615,140
Debt-to-assets ratio 0.27 0.37 0.33 0.37 0.39

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,087,920K ÷ $4,037,420K
= 0.27

The debt-to-assets ratio of Integra LifeSciences Holdings has shown a declining trend over the past five years, decreasing from 0.39 on December 31, 2020, to 0.27 on December 31, 2024. This indicates that the company has been able to reduce its reliance on debt financing in relation to its total assets. A lower debt-to-assets ratio generally signifies a healthier financial position, as it suggests a lower level of financial leverage and lower risk of insolvency. However, it is important to note that while a decreasing trend is generally positive, the ratio should be analyzed in conjunction with other financial metrics for a comprehensive assessment of the company's overall financial health.