Envista Holdings Corp (NVST)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 2,934,800 | 3,072,500 | 2,976,700 | 4,140,300 | 4,173,900 | 4,293,200 | 4,311,000 | 4,279,000 | 4,206,900 | 3,957,900 | 4,016,000 | 4,030,900 | 4,057,600 | 3,946,700 | 3,868,500 | 3,746,900 | 3,720,600 | 3,557,600 |
| Debt-to-capital ratio | 0.30 | 0.30 | 0.32 | 0.25 | 0.25 | 0.24 | 0.17 | 0.17 | 0.17 | 0.18 | 0.18 | 0.18 | 0.18 | 0.18 | 0.19 | 0.19 | 0.20 | 0.33 |
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 from 0.33 as of September 30, 2020, gradually declining to 0.18 as of June 30, 2022, and holding steady at this level until December 31, 2022. Subsequently, there was a slight uptick to 0.25 as of March 31, 2023, and this ratio continued to increase to 0.30 by September 30, 2024. However, by December 31, 2024, the ratio stabilized at 0.30.
Overall, the debt-to-capital ratio indicates the proportion of the company's capital structure that is financed by debt. The declining trend followed by fluctuations observed in the ratio over the specified period may suggest varying degrees of reliance on debt financing and capital structure adjustments by Envista Holdings Corp. Further analysis of the company's financial health and operational performance would be necessary to fully interpret the implications of these changes in the debt-to-capital ratio.
Peer comparison
Dec 31, 2024