Allegion PLC (ALLE)
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 | 4,487,800 | 4,973,700 | 4,779,100 | 4,286,900 | 4,311,500 | 4,183,100 | 4,163,800 | 4,124,400 | 3,991,200 | 3,943,300 | 3,653,700 | 3,007,600 | 3,051,000 | 3,116,700 | 3,060,100 | 2,947,900 | 3,069,400 | 3,027,700 | 2,833,900 | 2,757,700 |
| Total stockholders’ equity | US$ in thousands | 1,500,700 | 1,571,000 | 1,425,300 | 1,350,900 | 1,318,300 | 1,232,100 | 1,140,500 | 1,041,700 | 944,500 | 793,600 | 776,900 | 741,600 | 762,400 | 864,200 | 784,000 | 727,700 | 829,400 | 824,300 | 677,500 | 611,300 |
| Financial leverage ratio | 2.99 | 3.17 | 3.35 | 3.17 | 3.27 | 3.40 | 3.65 | 3.96 | 4.23 | 4.97 | 4.70 | 4.06 | 4.00 | 3.61 | 3.90 | 4.05 | 3.70 | 3.67 | 4.18 | 4.51 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $4,487,800K ÷ $1,500,700K
= 2.99
Allegion PLC's financial leverage ratio has shown fluctuations over the past few years. The ratio was at 4.51 as of March 31, 2020, indicating a high level of financial leverage. It decreased to 3.67 as of September 30, 2020, but then slightly increased to 3.70 by December 31, 2020.
Throughout 2021, the financial leverage ratio continued to vary, reaching a peak of 4.70 on June 30, 2022. However, it started to decline in the following periods, reaching 2.99 by December 31, 2024. This downward trend suggests a reduction in the company's reliance on debt to finance its operations.
Overall, Allegion PLC's financial leverage ratio has displayed fluctuations, with both peaks and troughs observed during the period under review. It is important for investors and stakeholders to monitor this ratio to assess the company's risk profile and financial health.