Allegheny Technologies Incorporated (ATI)
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 | 4,985,100 | 4,731,100 | 4,434,700 | 4,287,300 | 4,445,600 | 4,287,800 | 4,229,400 | 4,236,100 | 4,285,200 | 4,626,500 | 3,974,000 | 4,068,500 | 4,034,900 | 5,063,900 | 5,169,400 | 5,807,100 | 5,634,600 | 5,628,900 | 5,549,300 | 5,491,000 |
| Total stockholders’ equity | US$ in thousands | 1,373,000 | 1,238,900 | 1,194,000 | 1,096,500 | 1,045,900 | 813,500 | 762,900 | 658,700 | 685,600 | 541,400 | 473,000 | 482,900 | 521,100 | 1,733,700 | 1,735,300 | 2,087,800 | 2,090,100 | 2,168,000 | 2,026,400 | 1,934,200 |
| Financial leverage ratio | 3.63 | 3.82 | 3.71 | 3.91 | 4.25 | 5.27 | 5.54 | 6.43 | 6.25 | 8.55 | 8.40 | 8.43 | 7.74 | 2.92 | 2.98 | 2.78 | 2.70 | 2.60 | 2.74 | 2.84 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $4,985,100K ÷ $1,373,000K
= 3.63
The financial leverage ratio of ATI Inc has gradually decreased from 6.43 in Q1 2022 to 3.63 in Q4 2023. This indicates a positive trend as the company has been able to reduce its reliance on debt to finance its operations over the past eight quarters. A lower financial leverage ratio suggests that ATI Inc is becoming less leveraged and more financially stable, which can be a positive sign for investors and creditors. It indicates that the company is using less debt relative to its equity, which could result in lower financial risk and increased financial flexibility. Overall, the decreasing trend in the financial leverage ratio of ATI Inc is a positive indicator of the company's financial health and stability.