Amphastar P (AMPH)

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	1,577,470	1,545,180	1,491,520	1,574,320	1,512,910	1,544,630	1,378,270	773,656	741,987	726,695	723,719	716,238	671,529	651,677	665,745	645,738	631,236	613,718	600,058	572,831
Total stockholders’ equity	US$ in thousands	732,298	727,678	713,346	672,356	639,421	595,140	589,235	548,577	528,658	505,165	499,307	479,525	445,522	430,176	421,993	405,558	402,306	450,962	397,681	377,514
Financial leverage ratio		2.15	2.12	2.09	2.34	2.37	2.60	2.34	1.41	1.40	1.44	1.45	1.49	1.51	1.51	1.58	1.59	1.57	1.36	1.51	1.52

December 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,577,470K ÷ $732,298K
= 2.15

Amphastar P's financial leverage ratio has fluctuated over the past few years, ranging from 1.36 to 2.60. The ratio was relatively stable around 1.50 in 2020 and 2021 before seeing a significant increase in the first half of 2023, surpassing 2. This substantial increase in leverage may indicate that the company has taken on more debt relative to its equity, potentially increasing financial risk. However, the ratio gradually decreased in the latter part of 2023 and into 2024, indicating a potential effort to reduce leverage and improve financial stability. Despite the fluctuations, it is important for investors and stakeholders to monitor the trend of the financial leverage ratio to assess the company's financial health and risk profile.