Envista Holdings Corp (NVST)

Debt-to-capital 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 stockholders’ equity US$ in thousands 2,934,800 4,173,900 4,206,900 4,057,600 3,720,600
Debt-to-capital ratio 0.30 0.25 0.17 0.18 0.20

December 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,278,300K ÷ ($1,278,300K + $2,934,800K)
= 0.30

The debt-to-capital ratio of Envista Holdings Corp has shown a decreasing trend over the years, starting at 0.20 in 2020 and declining to 0.18 in 2021, 0.17 in 2022. However, there was a notable increase in this ratio to 0.25 in 2023 followed by a further increase to 0.30 in 2024. This indicates that the company's reliance on debt as a source of capital has been increasing in the recent years, potentially raising concerns about its financial leverage and ability to manage debt obligations. Further monitoring of this ratio is recommended to assess the company's debt management strategy and financial health.


Peer comparison

Dec 31, 2024

Company name
Symbol
Debt-to-capital ratio
Envista Holdings Corp
NVST
0.30
Dentsply Sirona Inc
XRAY
0.35