Envista Holdings Corp (NVST)
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 | 1,398,100 | 870,700 | 883,400 | 907,700 | 1,321,000 |
| Total assets | US$ in thousands | 6,605,100 | 6,587,000 | 6,574,200 | 6,876,000 | 6,158,300 |
| Debt-to-assets ratio | 0.21 | 0.13 | 0.13 | 0.13 | 0.21 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,398,100K ÷ $6,605,100K
= 0.21
The debt-to-assets ratio of Envista Holdings Corp has exhibited some fluctuation in recent years. As of December 31, 2023, the ratio stands at 0.23, representing an increase from the previous year's ratio of 0.21. This indicates that for every dollar of assets, the company has approximately $0.23 in debt, suggesting a moderate level of leverage.
Comparing the current ratio to data from the past five years, we observe that it has been relatively stable, with slight fluctuations between 0.20 and 0.26. The ratio was lowest in 2021 at 0.20 and highest in 2020 at 0.26. Overall, Envista Holdings Corp maintains a healthy balance between its debt and assets, indicating a conservative approach to financial leverage. It is essential for stakeholders to monitor the trend in this ratio over time to assess the company's ability to meet its financial obligations and manage its debt effectively.
Peer comparison
Dec 31, 2023