LivaNova PLC (LIVN)
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 | 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 stockholders’ equity | US$ in thousands | 1,277,630 | 1,225,470 | 1,240,610 | 1,227,340 | 1,207,620 | 1,146,960 | 1,282,000 | 1,291,850 | 1,294,640 | 1,299,500 | 1,028,670 | 1,055,130 | 1,109,260 | 1,350,790 | 1,333,190 | 1,392,710 | 1,377,960 | 1,495,280 | 1,483,330 | 1,486,810 |
| Debt-to-equity ratio | 0.44 | 0.46 | 0.46 | 0.42 | 0.43 | 0.45 | 0.36 | 0.35 | 0.01 | 0.01 | 0.42 | 0.61 | 0.58 | 0.47 | 0.48 | 0.23 | 0.19 | 0.18 | 0.12 | 0.10 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $568,543K ÷ $1,277,630K
= 0.44
The debt-to-equity ratio of LivaNova PLC has been relatively stable over the past two years, ranging from 0.36 to 0.48. This ratio indicates that, on average, the company's debt levels have been higher than its equity levels, suggesting a degree of financial leverage. The increase in the ratio from Q1 2023 to Q3 2023 may indicate an increase in debt relative to equity during that period. However, the ratio slightly decreased in Q4 2023, showing a trend towards better equity financing. Overall, the company appears to maintain a moderate level of financial risk with a balanced mix of debt and equity in its capital structure.
Peer comparison
Dec 31, 2023