Albany International Corporation (AIN)

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	1,648,700	1,753,200	1,751,820	1,798,180	1,835,010	1,790,250	1,707,150	1,695,760	1,642,260	1,571,850	1,613,060	1,580,060	1,556,060	1,540,240	1,526,640	1,512,170	1,549,940	1,490,690	1,461,960	1,483,630
Total stockholders’ equity	US$ in thousands	943,538	990,997	967,542	967,489	961,368	914,839	910,457	892,586	863,049	816,006	817,673	860,220	873,967	876,603	864,217	822,595	816,066	746,809	703,311	666,961
Financial leverage ratio		1.75	1.77	1.81	1.86	1.91	1.96	1.88	1.90	1.90	1.93	1.97	1.84	1.78	1.76	1.77	1.84	1.90	2.00	2.08	2.22

December 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,648,700K ÷ $943,538K
= 1.75

Albany International Corporation's financial leverage ratio has been gradually decreasing over the past few years, indicating a decline in the company's overall debt levels relative to its equity. The ratio stood at 2.22 as of March 31, 2020, and has steadily decreased to 1.75 as of December 31, 2024. This reduction in the financial leverage ratio suggests that Albany International Corporation has been improving its debt management and financial stability over the period under review. A lower financial leverage ratio generally signifies lower financial risk and greater financial flexibility for the company. It would be important for stakeholders to continue monitoring this ratio in future periods to assess the company's ongoing ability to manage its debt effectively.