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