Enviri Corporation (NVRI)

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	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-equity ratio		2.68	2.48	2.39	2.36	2.35	2.29	2.20	1.97	1.82	1.92	1.91	2.02	1.93	1.74	1.74	1.11	1.05	1.08	4.37	2.24

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,401,440K ÷ $523,151K
= 2.68

The debt-to-equity ratio of Enviri Corp has been gradually increasing over the past eight quarters, indicating a rising level of financial leverage. This ratio measures the proportion of debt financing to equity financing in the company's capital structure.

From Q1 2022 to Q4 2023, the debt-to-equity ratio has increased from 2.00 to 2.74. This suggests that the company has been relying more on debt to finance its operations and growth, compared to equity. A higher debt-to-equity ratio can indicate a higher financial risk, as it means the company has a larger debt burden relative to its equity.

The increasing trend in the debt-to-equity ratio may be a cause for concern, as it could indicate that Enviri Corp is becoming more leveraged and potentially more vulnerable to economic downturns or changes in interest rates. It is important for investors and stakeholders to monitor this ratio closely to assess the company's financial health and risk profile.