Company: OFIX
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000950170-25-102384
Chunk: 0

Company: Orthofix Medical Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 0
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ORTHOFIX MEDICAL INC. 

Condensed Consolidated Balance Sheets 

     (U.S. Dollars, in thousands, except par value data)
      
     June 30,2025

     December 31,2024

     (Unaudited)

     Assets

     Current assets

     Cash and cash equivalents
      
     $
     65,606

     $
     83,238

     Restricted cash

     3,083

     2,500

     Accounts receivable, net of allowances of $8,909 and $7,418, respectively

     129,556

     134,713

     Inventories

     172,993

     189,452

     Prepaid expenses and other current assets

     24,592

     23,382

     Total current assets

     395,830

     433,285

     Property, plant, and equipment, net

     129,200

     139,804

     Intangible assets, net

     78,868

     98,803

     Goodwill

     194,934

     194,934

     Other long-term assets

     38,325

     26,468

     Total assets
      
     $
     837,157

     $
     893,294

     Liabilities and shareholders’ equity

     Current liabilities

     Accounts payable
      
     $
     45,098

     $
     48,803

     Current portion of finance lease liability

     797

     755

     Other current liabilities

     102,486

     119,070

     Total current liabilities

     148,381

     168,628

     Long-term debt

     157,047

     157,015

     Long-term portion of finance lease liability

     17,448

     17,835

     Other long-term liabilities

     55,934

     46,692

     Total liabilities

     378,810

     390,170

     Contingencies (Note 7)

     Shareholders’ equity

     Common shares $0.10 par value; 100,000 shares authorized;    39,483 and 38,486 issued and outstanding as of June 30,    2025, and December 31, 2024, respectively