Arcosa Inc (ACA)
Financial leverage ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 3,577,900 | 3,489,600 | 3,495,600 | 3,417,100 | 3,340,600 | 3,380,600 | 3,337,300 | 3,256,800 | 3,188,100 | 3,301,200 | 3,090,200 | 2,666,000 | 2,646,700 | 2,635,000 | 2,560,200 | 2,621,600 | 2,302,500 | 2,218,000 | 2,171,900 | 2,142,800 |
| Total stockholders’ equity | US$ in thousands | 2,332,000 | 2,315,300 | 2,277,300 | 2,243,200 | 2,184,400 | 2,031,300 | 1,996,000 | 1,977,600 | 1,953,300 | 1,940,900 | 1,920,500 | 1,911,300 | 1,892,200 | 1,881,600 | 1,849,100 | 1,816,000 | 1,790,400 | 1,765,600 | 1,734,300 | 1,705,200 |
| Financial leverage ratio | 1.53 | 1.51 | 1.53 | 1.52 | 1.53 | 1.66 | 1.67 | 1.65 | 1.63 | 1.70 | 1.61 | 1.39 | 1.40 | 1.40 | 1.38 | 1.44 | 1.29 | 1.26 | 1.25 | 1.26 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $3,577,900K ÷ $2,332,000K
= 1.53
Based on the financial leverage ratio data provided for Arcosa Inc from Q4 2022 to Q4 2023, we observe fluctuations in the ratio over the past eight quarters. The financial leverage ratio measures the extent to which a company utilizes debt in its capital structure.
In Q4 2022, the ratio was at 1.53, maintaining this level throughout three consecutive quarters until Q3 2023 where it saw a slight decrease to 1.51, indicating a lower reliance on debt compared to the previous periods. However, in Q4 2023, the ratio increased again to 1.53, returning to the level seen at the beginning of the analyzed period.
Across the eight quarters, the ratio ranged from a high of 1.67 in Q2 2022 to a low of 1.51 in Q3 2023. This indicates fluctuations in the company's debt usage and capital structure management over the analyzed period. Overall, Arcosa Inc's financial leverage ratios have shown some variability, suggesting changes in the company's approach to debt financing and capital structure optimization. Further analysis of the company's financial strategy and performance trends would provide greater insights into the factors driving these fluctuations.
Peer comparison
Dec 31, 2023