Envista Holdings Corp (NVST)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 5,350,500 | 5,510,700 | 5,438,100 | 6,556,300 | 6,605,100 | 6,683,800 | 6,607,200 | 6,575,000 | 6,587,000 | 6,411,900 | 6,461,000 | 6,572,300 | 6,574,200 | 6,562,000 | 6,481,300 | 6,321,900 | 6,876,000 | 6,605,700 |
| 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 |
| Financial leverage ratio | 1.82 | 1.79 | 1.83 | 1.58 | 1.58 | 1.56 | 1.53 | 1.54 | 1.57 | 1.62 | 1.61 | 1.63 | 1.62 | 1.66 | 1.68 | 1.69 | 1.85 | 1.86 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $5,350,500K ÷ $2,934,800K
= 1.82
The financial leverage ratio of Envista Holdings Corp has shown a decreasing trend, declining from 1.86 as of September 30, 2020, to 1.82 as of December 31, 2024. This indicates that the company's reliance on debt to finance its operations has slightly decreased over the period under consideration. A lower financial leverage ratio generally suggests less financial risk, as the company is less reliant on debt to support its business activities. However, it is important to note that a financial leverage ratio of 1.82 as of December 31, 2024, still indicates that Envista Holdings Corp has a moderate level of debt in its capital structure. Monitoring this ratio over time can provide insights into the company's financial health and risk profile.
Peer comparison
Dec 31, 2024