Integer Holdings Corp (ITGR)
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 | 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 stockholders’ equity | US$ in thousands | 1,519,040 | 1,463,350 | 1,445,660 | 1,417,940 | 1,417,460 | 1,355,060 | 1,363,450 | 1,364,350 | 1,354,700 | 1,332,250 | 1,314,570 | 1,277,720 | 1,271,060 | 1,233,000 | 1,181,400 | 1,164,200 | 1,152,490 | 1,128,580 | 1,111,700 | 1,075,970 |
| Debt-to-capital ratio | 0.39 | 0.39 | 0.40 | 0.41 | 0.39 | 0.41 | 0.41 | 0.37 | 0.38 | 0.31 | 0.32 | 0.34 | 0.35 | 0.39 | 0.44 | 0.41 | 0.40 | 0.41 | 0.43 | 0.45 |
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 for Integer Holdings Corp has remained relatively stable over the past eight quarters, ranging from 0.38 to 0.42. This ratio indicates the proportion of the company's capital structure that is funded by debt. A lower ratio suggests a lower level of financial risk, as it indicates that a larger portion of the company's capital is derived from equity rather than debt. Conversely, a higher ratio may signal higher financial risk, as it implies a greater reliance on debt financing.
In the case of Integer Holdings Corp, the consistent range of the debt-to-capital ratio suggests a balanced approach to capital structure management. The slight fluctuations seen over the quarters indicate that the company may be managing its debt levels and capital structure in a prudent manner. Overall, the stability of the ratio over time indicates a certain level of financial discipline, as the company has not significantly increased its reliance on debt to fund its operations.
Peer comparison
Dec 31, 2023