Teleflex Incorporated (TFX)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	4,440,990	4,314,050	4,215,090	4,110,250	4,021,970	3,895,160	3,852,730	3,795,530	3,754,750	3,657,870	3,466,100	3,375,790	3,336,460	3,236,200	3,097,400	3,073,020	2,979,320	2,852,980	2,664,840	2,569,880
Debt-to-capital ratio		0.28	0.31	0.26	0.27	0.29	0.29	0.29	0.31	0.32	0.35	0.39	0.40	0.42	0.39	0.43	0.43	0.38	0.41	0.44	0.45

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,727,570K ÷ ($1,727,570K + $4,440,990K)
= 0.28

The debt-to-capital ratio of Teleflex Incorporated has been fluctuating over the past eight quarters. In Q4 2023, the ratio stood at 0.29, which is a decrease from the previous quarter where it was 0.32. This suggests that the company relied less on debt financing relative to its total capital structure in the latest quarter.

Overall, the trend in the debt-to-capital ratio has been relatively stable, with minor fluctuations around the 0.30 mark. This means that Teleflex has maintained a consistent balance between debt and equity in its capital structure. However, it is worth noting that the ratio was lowest in Q2 2023 at 0.27, indicating a temporary decrease in reliance on debt during that period.

It is important to continue monitoring the debt-to-capital ratio to assess Teleflex's long-term financial health and ability to meet its obligations. A lower ratio generally signifies less financial risk, while a higher ratio may indicate higher leverage and potential financial strain.