Avantor Inc (AVTR)

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	12,114,500	12,840,600	12,693,500	12,763,400	12,972,700	12,798,100	13,063,300	13,395,900	13,464,300	13,113,300	13,430,900	13,836,400	13,897,200	12,199,200	11,249,700	9,738,800	9,906,500	9,938,400	9,867,000	9,786,200
Total stockholders’ equity	US$ in thousands	5,956,700	5,553,200	5,435,000	5,336,300	5,252,600	5,099,400	5,011,300	4,994,600	4,855,400	4,591,400	4,469,500	4,358,000	4,197,000	4,104,800	2,985,900	2,806,100	2,674,300	2,552,300	2,540,800	2,440,100
Financial leverage ratio		2.03	2.31	2.34	2.39	2.47	2.51	2.61	2.68	2.77	2.86	3.01	3.17	3.31	2.97	3.77	3.47	3.70	3.89	3.88	4.01

December 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $12,114,500K ÷ $5,956,700K
= 2.03

Avantor Inc's financial leverage ratio has exhibited a declining trend from 4.01 as of March 31, 2020, to 2.03 as of December 31, 2024. This indicates a decreasing reliance on debt financing over the years. The company has been able to manage its leverage effectively, potentially reducing financial risk and enhancing financial stability. A lower financial leverage ratio suggests that Avantor Inc is relying less on debt to finance its operations and growth, which may indicate a stronger financial position and better ability to weather economic downturns. Overall, the decreasing trend in the financial leverage ratio reflects positively on the company's financial health and strategic financial management decisions.