Enviri Corporation (NVRI)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,401,440 | 1,337,000 | 1,359,450 | 1,271,190 | 775,498 |
| Total assets | US$ in thousands | 2,854,550 | 2,790,850 | 3,053,910 | 2,993,290 | 2,367,470 |
| Debt-to-assets ratio | 0.49 | 0.48 | 0.45 | 0.42 | 0.33 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,401,440K ÷ $2,854,550K
= 0.49
The debt-to-assets ratio of Enviri Corp has been gradually increasing over the past five years, reaching 0.50 at the end of 2023. This indicates that 50% of the company's assets are financed by debt, reflecting a higher reliance on borrowed funds to support its operations and investment activities. The trend suggests a growing proportion of debt relative to total assets, potentially increasing the company's financial risk and leverage. It is essential for stakeholders to monitor this ratio closely to assess Enviri Corp's ability to meet its debt obligations and manage its overall financial health effectively.