Revvity Inc. (RVTY)

Debt-to-assets ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Long-term debt	US$ in thousands	3,177,770	3,923,350	4,979,740	1,609,700	2,064,040
Total assets	US$ in thousands	13,564,700	14,129,900	15,000,600	7,960,320	6,538,560
Debt-to-assets ratio		0.23	0.28	0.33	0.20	0.32

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $3,177,770K ÷ $13,564,700K
= 0.23

The debt-to-assets ratio of Revvity Inc. has exhibited some fluctuations over the past five years. In 2023, the ratio stood at 0.29, indicating that 29% of the company's assets were financed by debt. This represented a slight improvement from the previous year's ratio of 0.31. Comparing to 2021, the ratio was higher at 0.33, suggesting that the company relied more on debt to finance its assets that year. In 2020, the ratio was relatively lower at 0.25, indicating a lower proportion of debt in the company's capital structure. The ratio increased to 0.32 in 2019, signifying a higher reliance on debt to fund assets compared to the following year. Overall, the trend in the debt-to-assets ratio for Revvity Inc. indicates some variability in the extent to which the company uses debt to support its asset base over the past five years.