Amentum Holdings Inc. (AMTM)
Financial leverage ratio
| Sep 30, 2024 | Dec 31, 2023 | Dec 31, 2022 | ||
|---|---|---|---|---|
| Total assets | US$ in thousands | 11,974,000 | 4,167,000 | 4,220,000 |
| Total stockholders’ equity | US$ in thousands | 4,460,000 | 3,275,000 | 3,259,000 |
| Financial leverage ratio | 2.68 | 1.27 | 1.29 |
September 30, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $11,974,000K ÷ $4,460,000K
= 2.68
The financial leverage ratio of Amentum Holdings Inc. has shown some fluctuations over the years as per the data provided.
- As of December 31, 2022, the financial leverage ratio was 1.29, indicating that the company's debt levels were 1.29 times its equity. This suggests a moderate level of financial risk.
- By December 31, 2023, the financial leverage ratio had decreased slightly to 1.27, signaling a slight improvement in the company's leverage position compared to the previous year.
- However, there was a significant increase in the financial leverage ratio as of September 30, 2024, which spiked to 2.68. This substantial jump in the ratio could imply that Amentum Holdings Inc. had taken on more debt relative to its equity, potentially increasing its financial risk.
Overall, while the financial leverage ratio of Amentum Holdings Inc. has fluctuated over time, it is essential for investors and stakeholders to monitor these changes closely to assess the company's ability to meet its financial obligations and manage its debt levels effectively.
Peer comparison
Sep 30, 2024