Integra LifeSciences Holdings (IART)

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	1,395,820	1,419,620	1,333,410	1,337,210	1,300,490	1,381,140	1,385,540	1,389,930	1,388,680	1,387,430	1,386,180	1,484,910	1,408,220	1,414,000	1,472,320	1,478,190	1,198,560	1,274,050	1,204,540	1,205,020
Total stockholders’ equity	US$ in thousands	1,587,880	1,579,220	1,683,160	1,674,940	1,804,400	1,724,410	1,660,920	1,615,200	1,684,800	1,631,690	1,574,980	1,529,330	1,514,870	1,397,990	1,349,100	1,341,800	1,416,740	1,384,970	1,420,950	1,397,030
Debt-to-capital ratio		0.47	0.47	0.44	0.44	0.42	0.44	0.45	0.46	0.45	0.46	0.47	0.49	0.48	0.50	0.52	0.52	0.46	0.48	0.46	0.46

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,395,820K ÷ ($1,395,820K + $1,587,880K)
= 0.47

The debt-to-capital ratio of Integra Lifesciences Holdings Corp has been relatively stable over the past few quarters, ranging between 0.44 and 0.49. This ratio indicates that the company relies on debt to finance a significant portion of its capital structure, with debt representing a range of 44% to 49% of the company's total capital.

The stability of the ratio suggests that the company has been managing its debt levels consistently over time. A higher debt-to-capital ratio may indicate increased financial risk due to higher leverage, potentially leading to higher interest payments and financial difficulty in case of economic downturns. Conversely, a lower ratio indicates a lower reliance on debt financing and potentially lower financial risk.

It would be beneficial for stakeholders to monitor any changes in Integra Lifesciences Holdings Corp's debt-to-capital ratio in future quarters to assess the company's financial health and risk profile.