Envista Holdings Corp (NVST)
Debt-to-assets ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,278,300 | 1,305,600 | 1,388,700 | 1,390,500 | 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 |
| Total assets | US$ in thousands | 5,350,500 | 5,510,700 | 5,438,100 | 6,556,300 | 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 |
| Debt-to-assets ratio | 0.24 | 0.24 | 0.26 | 0.21 | 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 |
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 shown a decreasing trend from 0.27 as of September 30, 2020, to 0.24 as of September 30, 2024, with fluctuations along the way. This ratio indicates the proportion of the company's assets that are financed by debt. A lower debt-to-assets ratio generally reflects lower financial risk and indicates that the company relies less on debt to fund its operations and expansions. In the case of Envista Holdings Corp, the decreasing trend in the ratio suggests a relatively conservative approach to debt management over the analyzed period. However, the slight increase in the ratio in the most recent periods (from 0.13 in March 31, 2024, to 0.24 in September 30, 2024) may warrant further investigation to assess the impact on the company's overall financial stability and leverage position.
Peer comparison
Dec 31, 2024