Integer Holdings Corp (ITGR)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,519,040 | 1,417,460 | 1,354,700 | 1,271,060 | 1,152,490 |
| Debt-to-capital ratio | 0.39 | 0.39 | 0.38 | 0.35 | 0.40 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $959,925K ÷ ($959,925K + $1,519,040K)
= 0.39
The debt-to-capital ratio of Integer Holdings Corp has been relatively stable over the past five years, ranging between 0.37 to 0.41. This ratio indicates the proportion of the company's capital structure that is financed by debt.
The trend shows that the company has maintained a moderate level of debt relative to its total capital over the years. A ratio around 0.4 suggests that Integer Holdings Corp relies more on equity financing rather than debt to fund its operations and investments.
Overall, the stability of the debt-to-capital ratio implies that the company has managed its debt levels consistently, which may help maintain financial stability and lower financial risk in the long term. However, a deeper analysis would be needed to assess the specific implications of this ratio on the company's overall financial health and strategies.
Peer comparison
Dec 31, 2023