AptarGroup Inc (ATR)
Financial leverage ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 4,451,890 | 4,203,460 | 4,141,360 | 3,990,050 | 3,562,120 |
| Total stockholders’ equity | US$ in thousands | 2,306,820 | 2,053,940 | 1,969,410 | 1,850,390 | 1,571,920 |
| Financial leverage ratio | 1.93 | 2.05 | 2.10 | 2.16 | 2.27 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $4,451,890K ÷ $2,306,820K
= 1.93
The financial leverage ratio of Aptargroup Inc. has shown a declining trend over the past five years, decreasing from 2.27 in 2019 to 1.93 in 2023. This indicates that the company has been reducing its reliance on debt to finance its operations. A lower financial leverage ratio suggests that Aptargroup has a lower level of debt relative to its equity, which can be seen as a positive sign of financial strength and stability. This trend may indicate that the company is managing its capital structure effectively and reducing its financial risk. However, it is essential to consider the industry norms and overall economic conditions when evaluating the significance of this trend.
Peer comparison
Dec 31, 2023