Company: OFIX
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001193125-25-263670
Chunk: 0

Company: Orthofix Medical Inc.
Filing Date: 2025-11-04
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)
      
     September 30,2025

     December 31,2024

     (Unaudited)

     Assets

     Current assets

     Cash and cash equivalents
      
     $
     62,860

     $
     83,238

     Restricted cash

     3,086

     2,500

     Accounts receivable, net of allowances of $9,413 and $7,418, respectively

     130,808

     134,713

     Inventories

     174,042

     189,452

     Prepaid expenses and other current assets

     23,374

     23,382

     Total current assets

     394,170

     433,285

     Property, plant, and equipment, net

     130,017

     139,804

     Intangible assets, net

     75,641

     98,803

     Goodwill

     194,934

     194,934

     Other long-term assets

     37,848

     26,468

     Total assets
      
     $
     832,610

     $
     893,294

     Liabilities and shareholders’ equity

     Current liabilities

     Accounts payable
      
     $
     50,459

     $
     48,803

     Current portion of finance lease liability

     814

     755

     Other current liabilities

     108,574

     119,070

     Total current liabilities

     159,847

     168,628

     Long-term debt

     157,219

     157,015

     Long-term portion of finance lease liability

     17,240

     17,835

     Other long-term liabilities

     55,818

     46,692

     Total liabilities

     390,124

     390,170

     Contingencies (Note 7)

     Shareholders’ equity

     Common shares $0.10 par value; 100,000 shares authorized;    39,519 and 38,486 issued and outstanding as of September 30,    2025, and December 31, 2024, respectively