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