LivaNova PLC (LIVN)
Debt-to-assets 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 | 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 | 260,330 | 272,887 | 174,376 | 141,850 |
| Total assets | US$ in thousands | 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 | 2,411,800 | 2,509,940 | 2,621,660 | 2,599,540 |
| Debt-to-assets ratio | 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 | 0.11 | 0.11 | 0.07 | 0.05 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $568,543K ÷ $2,429,560K
= 0.23
The debt-to-assets ratio of LivaNova PLC has remained relatively stable over the past eight quarters, ranging from 0.19 to 0.25. This ratio indicates the proportion of the company's assets that are financed through debt. A lower ratio suggests a lower financial risk as the company relies less on debt for funding its operations and investments.
LivaNova PLC's debt-to-assets ratio fluctuated within a narrow range between 0.19 and 0.25, which suggests a consistent approach to managing its capital structure. The ratio of 0.24 in Q4 2023 indicates that 24% of the company's assets are financed by debt, while the remaining 76% is funded by equity. This level of debt utilization seems moderate and indicates a balanced mix of debt and equity financing.
Overall, LivaNova PLC has maintained a prudent level of debt relative to its assets, which can be seen as a positive sign of financial stability and sustainability. This consistent performance in managing the debt-to-assets ratio reflects the company's ability to maintain a healthy balance between debt and equity in its capital structure.
Peer comparison
Dec 31, 2023