Envista Holdings Corp (NVST)

Solvency ratios

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
Debt-to-assets ratio 0.24 0.24 0.26 0.21 0.21 0.21 0.13 0.13 0.13 0.13 0.13 0.13 0.13 0.14 0.14 0.14 0.13 0.27
Debt-to-capital ratio 0.30 0.30 0.32 0.25 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
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
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

Envista Holdings Corp's solvency ratios show a generally positive trend over the past few years. The Debt-to-Assets ratio has been relatively stable, standing at 0.13 as of December 31, 2024, indicating that only 13% of the company's assets are financed by debt.

The Debt-to-Capital ratio has also shown a declining trend, reaching 0.30 as of December 31, 2024. This implies that 30% of the company's capital structure is comprised of debt, while the remaining 70% is attributed to equity.

Furthermore, the Debt-to-Equity ratio has decreased over the years, standing at 0.44 as of December 31, 2024. This ratio indicates that for every dollar of equity, the company has $0.44 in debt.

Additionally, the Financial Leverage ratio has shown a similar trend, decreasing to 1.82 as of December 31, 2024. This suggests that the company is relying less on debt to finance its operations, which is a positive indicator of its solvency.

Overall, Envista Holdings Corp's solvency ratios depict a healthy financial position with a decreasing reliance on debt financing, which can be seen as a positive sign for investors and stakeholders.

Coverage ratios

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
Interest coverage -22.37 -25.50 -23.28 -0.26 0.13 4.68 5.34 6.17 8.53 9.54 10.06 8.97 7.13 5.92 4.76 2.08 0.49 0.24

Envista Holdings Corp's interest coverage ratio has shown a fluctuating trend over the period from September 30, 2020, to December 31, 2024. The interest coverage ratio indicates the company's ability to cover its interest expenses with its operating income.

Initially, in September 2020 and December 2020, the interest coverage ratio was extremely low at 0.24 and 0.49, respectively, suggesting a potential vulnerability in meeting interest obligations. However, there was a significant improvement in the company's ability to cover interest expenses in the subsequent quarters.

The interest coverage ratio increased steadily from March 2021 to June 2022, with values ranging from 2.08 to 10.06. This signifies an enhancement in the company's capability to meet interest payments comfortably with its operating profits during this period.

However, there was a slight decline in the interest coverage ratio in the following quarters, reaching its lowest point at -25.50 in September 2024. A negative interest coverage ratio indicates that the company's operating income is insufficient to cover its interest expenses, raising concerns about its financial health and ability to meet debt obligations.

Overall, the fluctuating trend in Envista Holdings Corp's interest coverage ratio highlights the importance of monitoring the company's financial performance and debt management practices to ensure its long-term financial stability and sustainability.