Aecom Technology Corporation (ACM)
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 | 11,389,900 | 11,233,400 | 11,426,400 | 11,386,500 | 11,405,700 | 11,139,300 | 11,248,300 | 11,196,100 | 11,443,000 | 11,734,000 | 11,963,100 | 11,983,800 | 12,504,600 | 12,999,000 | 13,045,100 | 13,115,300 | 15,229,400 | 14,550,900 | 14,795,200 | 14,737,000 |
| Total stockholders’ equity | US$ in thousands | 2,247,300 | 2,212,330 | 2,454,760 | 2,594,340 | 2,555,630 | 2,476,650 | 2,451,010 | 2,531,440 | 2,510,670 | 2,712,470 | 2,708,040 | 2,822,970 | 2,908,200 | 3,292,560 | 3,744,890 | 3,531,500 | 3,673,000 | 3,690,580 | 4,303,000 | 4,199,940 |
| Financial leverage ratio | 5.07 | 5.08 | 4.65 | 4.39 | 4.46 | 4.50 | 4.59 | 4.42 | 4.56 | 4.33 | 4.42 | 4.25 | 4.30 | 3.95 | 3.48 | 3.71 | 4.15 | 3.94 | 3.44 | 3.51 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $11,389,900K ÷ $2,247,300K
= 5.07
AECOM's financial leverage ratio has been relatively stable over the past eight quarters, ranging from 4.39 to 5.08. The company's financial leverage ratio measures the proportion of debt in its capital structure relative to equity. A higher financial leverage ratio indicates higher financial risk due to higher levels of debt.
In the latest quarter, Q1 2024, AECOM's financial leverage ratio stands at 5.07, slightly lower than the previous quarter's ratio of 5.08. This suggests that the company has a higher level of debt compared to equity in its capital structure. However, the minor decrease from the previous quarter may indicate some improvement in managing debt levels.
Overall, AECOM's financial leverage ratio has remained above 4.39, indicating a consistent reliance on debt financing. Investors and analysts should closely monitor AECOM's ability to service its debt obligations and manage its financial leverage to ensure financial stability and sustainable growth.
Peer comparison
Dec 31, 2023