Envista Holdings Corp (NVST)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 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 | 3,493,400 | 3,483,700 | 3,540,200 |
| Debt-to-capital ratio | 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 | 0.33 | 0.31 | 0.27 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,398,100K ÷ ($1,398,100K + $4,173,900K)
= 0.25
The debt-to-capital ratio of Envista Holdings Corp has shown relatively consistent values over the past eight quarters, ranging from 0.24 to 0.27. This ratio indicates that, on average, around 25-27% of the company's capital structure is funded by debt.
A decreasing trend in the debt-to-capital ratio may suggest that the company is reducing its reliance on debt financing, which could be seen as a positive sign of financial stability and conservative financial management. Conversely, an increasing trend may indicate a growing level of debt relative to overall capital, potentially increasing the company's financial risk.
Overall, Envista Holdings Corp's debt-to-capital ratio appears to be moderate and relatively stable over the analyzed period. It is important for investors and stakeholders to carefully monitor any significant changes in this ratio, as it can provide insights into the company's financial risk profile and capital structure strategy.
Peer comparison
Dec 31, 2023