LivaNova PLC (LIVN)

Debt-to-assets ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Long-term debt	US$ in thousands	549,624	604,287	605,432	604,753	568,543	568,163	567,951	520,201	518,067	518,249	459,792	455,810	9,849	10,797	431,033	646,369	642,298	637,109	639,189	315,561
Total assets	US$ in thousands	2,506,390	2,521,960	2,453,190	2,459,600	2,429,560	2,329,420	2,341,560	2,294,890	2,294,770	2,212,880	2,336,240	2,416,880	2,200,950	2,203,410	2,396,520	2,369,170	2,399,960	2,521,750	2,502,660	2,454,440
Debt-to-assets ratio		0.22	0.24	0.25	0.25	0.23	0.24	0.24	0.23	0.23	0.23	0.20	0.19	0.00	0.00	0.18	0.27	0.27	0.25	0.26	0.13

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $549,624K ÷ $2,506,390K
= 0.22

The debt-to-assets ratio of LivaNova PLC has fluctuated over the years based on the provided data. The ratio stood at 0.13 as of March 31, 2020, indicating that 13% of the company's total assets were financed by debt at that time.

Subsequently, the ratio increased to 0.26 by June 30, 2020, and remained relatively stable around 0.25 through December 31, 2020. This suggests that the company's debt financing constituted about a quarter of its total assets during this period.

Notably, there was a decrease in the debt-to-assets ratio in the following quarters, dropping to 0.18 by June 30, 2021. This reduction indicates a lower reliance on debt to fund the company's assets compared to the previous periods.

Interestingly, the ratio saw a significant decline to 0.00 by September 30, 2021, and remained at that level through December 31, 2021. A debt-to-assets ratio of 0.00 signifies that the company had no debt financing relative to its total assets during this timeframe.

Subsequently, the ratio increased gradually to around 0.25 by June 30, 2024, indicating a slight shift towards utilizing debt to support the company's asset base. Overall, the debt-to-assets ratio of LivaNova PLC has shown variability over time, reflecting changes in the company's capital structure and financial strategy.