Envista Holdings Corp (NVST)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,398,100 | 1,381,000 | 875,600 | 873,800 | 870,700 | 851,600 | 864,100 | 876,900 | 883,400 | 887,800 | 893,200 | 892,200 | 907,700 | 1,755,500 | 1,722,200 | 1,546,700 | 1,321,000 |
| Total assets | US$ in thousands | 6,605,100 | 6,683,800 | 6,607,200 | 6,575,000 | 6,587,000 | 6,411,900 | 6,461,000 | 6,572,300 | 6,574,200 | 6,562,000 | 6,481,300 | 6,321,900 | 6,876,000 | 6,605,700 | 6,665,200 | 6,240,900 | 6,158,300 |
| Debt-to-assets ratio | 0.21 | 0.21 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.14 | 0.14 | 0.14 | 0.13 | 0.27 | 0.26 | 0.25 | 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 remained relatively stable over the past eight quarters, ranging from 0.21 to 0.23. This ratio indicates that, on average, approximately 21% to 23% of the company's total assets are financed by debt. Generally, a lower debt-to-assets ratio signifies lower financial risk as it suggests that a larger portion of assets are funded by equity rather than debt. In the case of Envista Holdings Corp, the consistent ratio around 0.21 to 0.23 indicates a reasonable balance between debt and assets, reflecting a moderate level of leverage that the company maintains in its capital structure.
Peer comparison
Dec 31, 2023