Teleflex Incorporated (TFX)

Debt-to-equity 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 stockholders’ equity	US$ in thousands	4,440,990	4,021,970	3,754,750	3,336,460	2,979,320
Debt-to-equity ratio		0.39	0.40	0.46	0.71	0.62

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,727,570K ÷ $4,440,990K
= 0.39

The debt-to-equity ratio of Teleflex Incorporated has shown a declining trend over the past five years, indicating an improvement in the company's capital structure. The ratio decreased from 0.64 in 2019 to 0.41 in 2023, showcasing a reduction in financial leverage. This suggests that Teleflex has been relying less on debt financing and has been increasing its equity base, which generally lowers financial risk. The decreasing trend in the debt-to-equity ratio reflects positively on the company's ability to manage its debt levels effectively while maintaining a healthy balance between debt and equity in its capital structure. Overall, the declining debt-to-equity ratio of Teleflex Incorporated signifies a favorable financial position and better debt management practices over the years.