Envista Holdings Corp (NVST)
Debt-to-equity ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,398,100 | 870,700 | 883,400 | 907,700 | 1,321,000 |
| Total stockholders’ equity | US$ in thousands | 4,173,900 | 4,206,900 | 4,057,600 | 3,720,600 | 3,540,200 |
| Debt-to-equity ratio | 0.33 | 0.21 | 0.22 | 0.24 | 0.37 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,398,100K ÷ $4,173,900K
= 0.33
The debt-to-equity ratio of Envista Holdings Corp has shown fluctuations over the past five years. In 2023, the ratio increased to 0.36 from 0.33 in 2022, indicating a higher proportion of debt relative to equity. However, compared to 2021 and 2019, the current ratio remains lower. The ratio was at its highest in 2020 at 0.48, signifying a larger reliance on debt financing at that time. Overall, a lower debt-to-equity ratio suggests a lower financial risk and a stronger equity position, while a higher ratio could indicate increased leverage and potential financial vulnerability. It is important for stakeholders to monitor this ratio to assess the company's financial health and risk profile.
Peer comparison
Dec 31, 2023