Company: OFIX
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000950170-25-063956
Chunk: 0

Company: Orthofix Medical Inc.
Filing Date: 2025-05-06
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)
      
     March 31,2025

     December 31,2024

     (Unaudited)

     Assets

     Current assets

     Cash and cash equivalents
      
     $
     57,953

     $
     83,238

     Restricted cash

     2,500

     2,500

     Accounts receivable, net of allowances of $8,602 and $7,418, respectively

     131,865

     134,713

     Inventories

     174,480

     189,452

     Prepaid expenses and other current assets

     23,512

     23,382

     Total current assets

     390,310

     433,285

     Property, plant, and equipment, net

     130,693

     139,804

     Intangible assets, net

     81,213

     98,803

     Goodwill

     194,934

     194,934

     Other long-term assets

     25,994

     26,468

     Total assets
      
     $
     823,144

     $
     893,294

     Liabilities and shareholders’ equity

     Current liabilities

     Accounts payable
      
     $
     45,176

     $
     48,803

     Current portion of finance lease liability

     767

     755

     Other current liabilities

     98,173

     119,070

     Total current liabilities

     144,116

     168,628

     Long-term debt

     156,885

     157,015

     Long-term portion of finance lease liability

     17,636

     17,835

     Other long-term liabilities

     46,213

     46,692

     Total liabilities

     364,850

     390,170

     Contingencies (Note 7)

     Shareholders’ equity

     Common shares $0.10 par value; 100,000 shares authorized;    39,096 and 38,486 issued and outstanding as of March 31,    2025, and December 31, 2024, respectively