Teleflex Incorporated (TFX)

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	1,727,570	1,624,020	1,740,100	2,377,890	1,858,940
Total assets	US$ in thousands	7,532,550	6,928,060	6,871,720	7,152,560	6,309,820
Debt-to-assets ratio		0.23	0.23	0.25	0.33	0.29

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,727,570K ÷ $7,532,550K
= 0.23

The debt-to-assets ratio of Teleflex Incorporated has shown a declining trend over the past five years, indicating an improving financial position in terms of leverage and solvency. This ratio measures the proportion of the company's total liabilities to its total assets. A lower debt-to-assets ratio suggests that the company relies less on debt financing to fund its operations and investments.

In 2023, the debt-to-assets ratio decreased to 0.24 from 0.25 in 2022, marking a positive shift in the company's capital structure as it indicates a decrease in debt relative to its total assets. This trend aligns with a prudent financial strategy of maintaining a healthy balance between debt and equity.

Comparing to the ratios from 2021 (0.27), 2020 (0.35), and 2019 (0.30), the continual decrease suggests that Teleflex has been effectively managing its debt levels and enhancing its asset base. This decreasing trend may indicate that the company is reducing its financial risk and increasing its financial stability over time.

Overall, the declining debt-to-assets ratio indicates that Teleflex Incorporated has been making sound financial decisions to strengthen its balance sheet and improve its overall financial health.