Envista Holdings Corp (NVST)
Debt-to-equity 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-equity ratio | 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 | 0.49 | 0.44 | 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 been relatively stable over the past eight quarters, ranging from 0.32 to 0.36. This indicates that the company's capital structure has been consistent, with a moderate level of debt compared to equity. A ratio below 1 suggests that the company relies more on equity financing than debt, which can be seen as a positive sign of financial stability. Overall, Envista Holdings Corp appears to have a balanced mix of debt and equity in its capital structure, providing a healthy foundation for its operations and growth.
Peer comparison
Dec 31, 2023
Company name
Symbol
Debt-to-equity ratio
Envista Holdings Corp
NVST
0.33
Dentsply Sirona Inc
XRAY
0.55