Albany International Corporation (AIN)

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	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	1,474,370	1,404,720	1,458,100	1,443,280
Total stockholders’ equity	US$ in thousands	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	698,683	659,530	647,868	623,166
Financial leverage ratio		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	2.11	2.13	2.25	2.32

December 31, 2023 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,835,010K ÷ $961,368K
= 1.91

Albany International Corp.'s financial leverage ratio has been relatively stable over the past eight quarters, ranging from 1.84 to 1.97. The ratio indicates that the company utilizes debt to finance its operations, with a higher ratio suggesting higher financial risk due to increased reliance on debt.

The slight fluctuations in the financial leverage ratio over the quarters may indicate changes in the company's borrowing levels and capital structure. A ratio above 1 signifies that the firm has more debt than equity in its capital structure, indicating potential risks associated with higher leverage.

While a higher financial leverage ratio can amplify returns on equity in favorable economic conditions, it also exposes the company to increased financial risk during economic downturns or periods of volatility. Investors and stakeholders should monitor Albany International Corp.'s leverage ratio closely to assess its ability to manage debt obligations and financial stability effectively.