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Debt / Common Equity for Enovis Corp

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ENOV: Enovis Corp

Enovis Corporation operates as a medical technology company focus on developing clinically differentiated solutions in the United States and internationally. It operates through two segments: Preventi...

34.59 USD
Price
USD
Fair Value
Upside
29.32 - 56.43
52-week range

Analysis

Fiscal Years
Trailing Twelve Months
Fiscal Halfs
Fiscal Quarters
Daily
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The following section summarizes insights on Enovis Corp's Debt / Common Equity:

Dec 2016Dec 2018Dec 2020Dec 2022Dec 202420.0%40.0%60.0%80.0%

Performance Summary
  • Enovis's debt / equity last quarter was 54.8%
  • Enovis's debt / equity for fiscal years ending December 2020 to 2024 averaged 39.0%.
  • Enovis's operated at median debt / equity of 46.9% from fiscal years ending December 2020 to 2024.
  • Looking back at the last 5 years, Enovis's debt / equity peaked in December 2020 at 68.0%.
  • Enovis's debt / equity hit its 5-year low in December 2022 of 9.7%.
  • Enovis's debt / equity decreased in 2020 (68.0%, -5.9%), 2021 (46.9%, -31.1%), and 2022 (9.7%, -79.3%) and increased in 2023 (15.7%, +61.6%) and 2024 (54.8%, +249.3%).

How does Enovis's Debt / Common Equity benchmark against competitors?

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We've identified the following companies as similar to Enovis Corp because they operate in a related industry or sector. We also considered size, growth, and various financial metrics to narrow down the list to the ones listed below.

Metric Usage: Debt / Equity

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debt_to_equity
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number
Datatype
text
Format
current
Default Period
FY, Q
Periods Supported
Free
Plan

To view the full list of supported financial metrics please see Complete Metrics Listing.

Similar Metrics

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Metrics similar to Debt / Common Equity in the risk category include:

  • EBITDA less CapEx Interest Coverage Ratio - A ratio used to assess a firm's ability to pay interest expenses based on EBITDA less Capital Expenditures.
  • Debt / Equity, Adjusted - A ratio that measures the level of the debt relative to the book value of common equity plus the absolute value of treasury stock.
  • Beneish M-Score - A statistical score that uses financial ratios to identify whether a company has manipulated its earnings
  • Total Debt / FCF - A ratio that is calculated as Total Debt (including Capital Leases) divided by levered free cash flow.
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Debt / Equity

A ratio that measures the level of the debt relative to the book value of common equity.

Definition of Debt / Common Equity

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Debt / Equity is defined as:

Total Debt
(/) Total Common Equity
(=) Debt / Equity

Debt / Equity for Enovis is calculated as follows:

Total Debt [ 1.404 B]
(/) Total Common Equity [ 2.562 B ]
(=) Debt / Equity [ 54.8% ]

The tables below summarizes the trend in Enovis’s Debt / Equity over the last five years:

Fiscal Year Total Debt Total Common Equity Debt / Equity
2020-12-31 2.41 B 3.543 B 68.0%
2021-12-31 2.165 B 4.617 B 46.9%
2022-12-31 334.8 M 3.448 B 9.7%
2023-12-31 536.4 M 3.418 B 15.7%
2024-12-31 1.404 B 2.562 B 54.8%

The tables below summarizes the trend in Enovis’s Debt / Equity over the last four quarters:

Fiscal Quarter Total Debt Total Common Equity Debt / Equity
2024-03-29 1.413 B 3.308 B 42.7%
2024-06-28 1.417 B 3.286 B 43.1%
2024-09-27 1.414 B 3.33 B 42.5%
2024-12-31 1.404 B 2.562 B 54.8%

The higher the ratio, the more debt the company has in its capital structure.

Read More on HBR: Debt / Equity Ratio


Click the link below to download a spreadsheet with an example Debt / Common Equity calculation for Enovis Corp below:

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