Enviri Corporation (NVRI)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	523,151	563,721	577,492	569,457	569,442	574,518	593,324	722,808	748,160	695,536	693,503	659,974	657,154	714,292	715,179	710,853	741,580	705,740	300,716	287,023
Debt-to-capital ratio		0.73	0.71	0.71	0.70	0.70	0.70	0.69	0.66	0.65	0.66	0.66	0.67	0.66	0.64	0.63	0.53	0.51	0.52	0.81	0.69

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,401,440K ÷ ($1,401,440K + $523,151K)
= 0.73

The debt-to-capital ratio of Enviri Corp has been relatively stable over the past eight quarters, ranging from 0.67 to 0.73. This ratio indicates the proportion of the company's capital that is financed by debt. As the ratio hovers around 0.70, it suggests that Enviri Corp relies moderately on debt to fund its operations and investments, while the majority of its capital comes from equity. The consistency in the ratio over the quarters indicates a certain level of financial stability in terms of debt management. It is essential for the company to monitor this ratio closely to ensure that it remains at an optimal level to support its growth strategy and financial health.