AAON Inc (AAON)
Financial leverage ratio
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 1,175,230 | 1,030,620 | 1,010,720 | 952,921 | 941,436 | 944,543 | 930,051 | 867,914 | 813,903 | 785,843 | 776,712 | 717,458 | 650,180 | 516,403 | 504,184 | 483,384 | 449,008 | 439,913 | 429,807 | 395,620 |
| Total stockholders’ equity | US$ in thousands | 824,582 | 796,856 | 740,498 | 784,808 | 735,224 | 682,484 | 660,111 | 609,414 | 560,714 | 523,858 | 490,506 | 480,156 | 466,170 | 400,279 | 383,726 | 373,038 | 350,865 | 344,892 | 322,695 | 306,323 |
| Financial leverage ratio | 1.43 | 1.29 | 1.36 | 1.21 | 1.28 | 1.38 | 1.41 | 1.42 | 1.45 | 1.50 | 1.58 | 1.49 | 1.39 | 1.29 | 1.31 | 1.30 | 1.28 | 1.28 | 1.33 | 1.29 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,175,230K ÷ $824,582K
= 1.43
AAON Inc's financial leverage ratio has fluctuated over the period from March 31, 2020, to December 31, 2024. The ratio started at 1.29 in March 2020, increased to a peak of 1.58 in June 2022, and then trended downwards to 1.36 in June 2024. This indicates that the company's reliance on debt to finance its operations and growth has varied over time. Overall, AAON Inc's financial leverage ratio has shown some volatility but generally remained within a moderate range, suggesting a balanced approach to capital structure management.
Peer comparison
Dec 31, 2024
Company name
Symbol
Financial leverage ratio
AAON Inc
AAON
1.43
Carrier Global Corp
CARR
2.60
Lennox International Inc
LII
4.08