Enviri Corporation (NVRI)

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 1,401,440 1,400,430 1,382,140 1,346,210 1,337,000 1,314,920 1,302,860 1,422,380 1,359,450 1,333,570 1,327,590 1,334,320 1,271,190 1,246,400 1,242,320 789,619 775,498 764,254 1,313,840 642,375
Total assets US$ in thousands 2,854,550 2,837,440 2,852,640 2,824,990 2,790,850 2,771,400 2,798,960 3,051,460 3,053,910 3,038,170 3,022,100 2,990,340 2,993,290 2,945,490 2,926,270 2,347,170 2,367,470 2,558,490 2,534,690 1,737,560
Debt-to-assets ratio 0.49 0.49 0.48 0.48 0.48 0.47 0.47 0.47 0.45 0.44 0.44 0.45 0.42 0.42 0.42 0.34 0.33 0.30 0.52 0.37

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 remained relatively stable over the past eight quarters, ranging between 0.47 and 0.50. This indicates that, on average, the company finances approximately 48-50% of its assets through debt. A higher debt-to-assets ratio suggests that the company is more leveraged, potentially indicating higher financial risk, while a lower ratio indicates lower reliance on debt for funding operations.

Enviri Corp's consistent debt-to-assets ratio suggests that the company has maintained a balanced approach to capital structure management, neither overly relying on debt nor overly cautious in taking on additional debt. This stability may indicate a prudent financial strategy that has allowed the company to sustain its operations and investments without exposing itself to excessive financial risk.

Overall, the trend of the debt-to-assets ratio over time demonstrates Enviri Corp's ability to manage its debt levels in relation to its asset base effectively. It's important for stakeholders to continue monitoring this ratio to ensure the company's financial health and sustainability in the long term.