Integer Holdings Corp (ITGR)
Debt-to-equity 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-equity ratio | 0.63 | 0.64 | 0.60 | 0.55 | 0.67 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $959,925K ÷ $1,519,040K
= 0.63
Integer Holdings Corp's debt-to-equity ratio has shown some fluctuations over the past five years. In 2023, the ratio decreased slightly to 0.64 from 0.65 in 2022. This indicates that the company's reliance on debt compared to equity decreased slightly in the most recent year.
Looking at the trend over the five-year period, there was an increase in the debt-to-equity ratio from 0.58 in 2020 to 0.71 in 2019, followed by a decrease in 2021 to 0.61. Overall, it appears that the company has been managing its debt and equity structure relatively well, as the ratio has not shown a consistent upward or downward trend.
A debt-to-equity ratio of around 0.6 to 0.7 typically suggests that Integer Holdings Corp is employing a moderate level of debt to finance its operations compared to equity. This range is generally considered acceptable for many industries. Investors and creditors may view this ratio positively as it shows a balanced mix of debt and equity in the company's capital structure.
Peer comparison
Dec 31, 2023