Integer Holdings Corp (ITGR)
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 | 959,925 | 907,073 | 812,876 | 693,758 | 777,272 |
| Total assets | US$ in thousands | 2,942,650 | 2,794,390 | 2,582,220 | 2,371,860 | 2,353,090 |
| Debt-to-assets ratio | 0.33 | 0.32 | 0.31 | 0.29 | 0.33 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $959,925K ÷ $2,942,650K
= 0.33
Integer Holdings Corp's debt-to-assets ratio has been relatively stable over the past five years, ranging from 0.31 to 0.35. This ratio indicates that around 31% to 35% of the company's assets have been financed by debt during this period.
A ratio of 0.33 as of Dec 31, 2023, implies that the company's debt accounts for approximately 33% of its total assets, suggesting a moderate level of leverage. The stability of the ratio over the years indicates that Integer Holdings Corp has maintained a consistent balance between debt and assets in its capital structure.
It is essential to monitor changes in the debt-to-assets ratio to assess the company's ability to meet its financial obligations and manage its debt levels effectively. The relatively constant ratio observed in the case of Integer Holdings Corp suggests a cautious approach to debt management, which may provide stability and financial strength to the company.
Peer comparison
Dec 31, 2023