Envista Holdings Corp (NVST)
Debt-to-equity 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-equity ratio | 0.44 | 0.42 | 0.47 | 0.34 | 0.33 | 0.32 | 0.20 | 0.20 | 0.21 | 0.22 | 0.22 | 0.22 | 0.22 | 0.22 | 0.23 | 0.24 | 0.24 | 0.49 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,278,300K ÷ $2,934,800K
= 0.44
The debt-to-equity ratio of Envista Holdings Corp has shown a declining trend from 0.49 as of September 30, 2020, to 0.44 as of December 31, 2024. This indicates that the company has been reducing its reliance on debt financing in relation to its equity over the period under consideration. The ratio fluctuated between 0.20 and 0.49 during this time frame, with some variations noted in the recent quarters. It is important to monitor this ratio to assess the company's financial leverage and risk management strategies.
Peer comparison
Dec 31, 2024
Company name
Symbol
Debt-to-equity ratio
Envista Holdings Corp
NVST
0.44
Dentsply Sirona Inc
XRAY
0.55