Integer Holdings Corp (ITGR)
Debt-to-equity 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-equity ratio | 0.63 | 0.64 | 0.68 | 0.70 | 0.64 | 0.68 | 0.68 | 0.60 | 0.60 | 0.46 | 0.48 | 0.51 | 0.55 | 0.65 | 0.79 | 0.68 | 0.67 | 0.70 | 0.74 | 0.81 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $959,925K ÷ $1,519,040K
= 0.63
The debt-to-equity ratio for Integer Holdings Corp has shown fluctuations over the past eight quarters. The ratio ranged between 0.61 and 0.71 during this period. It increased slightly from 0.65 in Q4 2022 to 0.71 in Q1 2023 but then decreased to 0.64 in Q4 2023. Overall, the company has maintained a moderate level of leverage, with debt levels representing approximately 64% to 71% of equity over the past two years. An upward trend in the debt-to-equity ratio may indicate increased financial risk, while a downward trend may signal a stronger equity position relative to debt. It is important to continue monitoring this ratio to assess the company's capital structure and financial stability.
Peer comparison
Dec 31, 2023