Teleflex Incorporated (TFX)

Debt-to-assets 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	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Long-term debt	US$ in thousands	1,727,570	1,950,120	1,470,670	1,549,470	1,624,020	1,593,500	1,605,950	1,740,780	1,740,100	1,948,670	2,215,670	2,295,440	2,377,890	2,035,820	2,328,790	2,340,890	1,858,940	1,949,070	2,081,370	2,072,940
Total assets	US$ in thousands	7,532,550	7,493,630	6,895,720	6,917,920	6,928,060	6,758,090	6,731,850	6,873,310	6,871,720	7,039,960	7,066,390	7,028,020	7,152,560	6,613,290	6,765,130	6,701,560	6,309,820	6,257,180	6,314,410	6,268,070
Debt-to-assets ratio		0.23	0.26	0.21	0.22	0.23	0.24	0.24	0.25	0.25	0.28	0.31	0.33	0.33	0.31	0.34	0.35	0.29	0.31	0.33	0.33

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 been relatively stable over the past eight quarters, ranging from 0.23 to 0.27. This ratio indicates that, on average, around 24% to 27% of the company's assets are financed by debt. A lower debt-to-assets ratio suggests a lower financial risk for the company, as it shows a lower reliance on borrowed funds to finance its operations. Teleflex's consistent ratio within this range indicates a moderate level of debt in relation to its overall asset base, which may be considered favorable by investors and creditors alike. Overall, the company appears to have a well-managed debt structure based on the trend of its debt-to-assets ratio over the past two years.