TransMedics Group Inc (TMDX)

Debt-to-assets ratio

		Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Long-term debt	US$ in thousands	508,531	507,751	506,976	506,204	505,434	504,669	58,802	58,696	58,540	35,500	35,334	35,197	35,058	34,921	34,787	34,657	34,525	34,395	34,269	34,146
Total assets	US$ in thousands	785,571	758,577	723,831	706,047	689,227	690,358	287,088	277,147	274,873	117,285	124,008	134,893	131,146	140,512	145,783	152,026	159,322	163,137	96,923	105,299
Debt-to-assets ratio		0.65	0.67	0.70	0.72	0.73	0.73	0.20	0.21	0.21	0.30	0.28	0.26	0.27	0.25	0.24	0.23	0.22	0.21	0.35	0.32

September 30, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $508,531K ÷ $785,571K
= 0.65

The debt-to-assets ratio of TransMedics Group Inc has shown fluctuations over the past several quarters. For the most recent period ending September 30, 2024, the ratio stands at 0.65, indicating that the company's debt accounts for 65% of its total assets. This ratio has been on a downward trend from a peak of 0.73 in the third quarter of 2023.

The company's ability to manage its debt relative to its assets has improved since then, suggesting a more favorable financial position. However, it is important to note that the ratio has fluctuated significantly, reaching as low as 0.20 in the first quarter of 2023.

Overall, while the recent decrease in the debt-to-assets ratio is a positive sign, investors and stakeholders should continue to monitor the company's leverage and financial health, as fluctuations in this ratio can indicate changes in the company's risk profile and ability to meet its financial obligations.