Avanos Medical Inc (AVNS)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 1,154,200 | 1,692,400 | 1,786,900 | 1,594,600 | 1,672,800 |
| Total stockholders’ equity | US$ in thousands | 828,500 | 1,236,300 | 1,291,200 | 1,263,900 | 1,256,500 |
| Financial leverage ratio | 1.39 | 1.37 | 1.38 | 1.26 | 1.33 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,154,200K ÷ $828,500K
= 1.39
The financial leverage ratio of Avanos Medical Inc has shown some fluctuations over the years. The ratio stood at 1.33 at the end of December 31, 2020, indicating that the company had $1.33 of debt for every dollar of equity.
Over the subsequent years, the financial leverage ratio decreased slightly to 1.26 by the end of December 31, 2021, before increasing to 1.38 by the end of December 31, 2022. Subsequently, the ratio decreased to 1.37 by the end of December 31, 2023, and increased again to 1.39 by the end of December 31, 2024.
This suggests that the company has been managing its debt levels relative to its equity position, but the fluctuations in the ratio indicate varying degrees of leverage over the period analyzed. Further analysis and comparison with industry benchmarks may provide additional insights into the company's capital structure and financial risk.
Peer comparison
Dec 31, 2024