Envista Holdings Corp (NVST)

Debt-to-assets ratio

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Long-term debt US$ in thousands 1,278,300 1,398,100 870,700 883,400 907,700
Total assets US$ in thousands 5,350,500 6,605,100 6,587,000 6,574,200 6,876,000
Debt-to-assets ratio 0.24 0.21 0.13 0.13 0.13

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,278,300K ÷ $5,350,500K
= 0.24

The debt-to-assets ratio of Envista Holdings Corp has remained relatively stable at around 0.13 from December 31, 2020, to December 31, 2022. This indicates that only 13% of the company's total assets were financed by debt during this period. However, there was an increase in the ratio to 0.21 as of December 31, 2023, and further to 0.24 as of December 31, 2024. This escalation suggests that the company may have taken on more debt relative to its assets, reaching 24% as of the latest reporting period. Investors and creditors may view this trend cautiously, as higher debt levels compared to assets can signal increased financial risk and potential challenges in meeting debt obligations in the future.


Peer comparison

Dec 31, 2024

Company name
Symbol
Debt-to-assets ratio
Envista Holdings Corp
NVST
0.24
Dentsply Sirona Inc
XRAY
0.24