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.