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.