Integer Holdings Corp (ITGR)
Debt-to-assets 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 | 959,925 | 941,383 | 980,398 | 992,469 | 907,073 | 923,396 | 931,889 | 814,382 | 812,876 | 610,405 | 631,204 | 649,630 | 693,758 | 801,607 | 930,385 | 793,829 | 777,272 | 790,420 | 825,438 | 874,158 |
| Total assets | US$ in thousands | 2,942,650 | 2,839,350 | 2,861,340 | 2,873,550 | 2,794,390 | 2,738,470 | 2,758,090 | 2,608,040 | 2,582,220 | 2,348,130 | 2,359,140 | 2,343,350 | 2,371,860 | 2,449,000 | 2,523,460 | 2,398,030 | 2,353,090 | 2,358,820 | 2,373,650 | 2,367,190 |
| Debt-to-assets ratio | 0.33 | 0.33 | 0.34 | 0.35 | 0.32 | 0.34 | 0.34 | 0.31 | 0.31 | 0.26 | 0.27 | 0.28 | 0.29 | 0.33 | 0.37 | 0.33 | 0.33 | 0.34 | 0.35 | 0.37 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $959,925K ÷ $2,942,650K
= 0.33
The debt-to-assets ratio of Integer Holdings Corp has been relatively stable over the past eight quarters, ranging from 0.32 to 0.35. This ratio indicates the proportion of the company's total assets that are financed by debt.
With a ratio consistently around 0.33 to 0.35, Integer Holdings Corp appears to maintain a moderate level of debt in relation to its assets. This suggests that the company has a relatively conservative approach to financing its operations, as it relies more on equity financing than debt financing.
Overall, based on the stability of the debt-to-assets ratio over the period analyzed, Integer Holdings Corp seems to have a balanced capital structure that is not overly reliant on debt to fund its operations and investments.
Peer comparison
Dec 31, 2023