Axalta Coating Systems Ltd (AXTA)
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 | 7,249,000 | 7,500,000 | 7,306,000 | 7,089,000 | 7,272,000 | 6,996,000 | 7,043,100 | 7,000,600 | 7,059,200 | 6,819,000 | 6,942,600 | 7,081,500 | 7,217,200 | 7,233,000 | 7,209,400 | 7,020,800 | 7,157,200 | 7,036,500 | 6,668,600 | 6,390,700 |
| Total stockholders’ equity | US$ in thousands | 1,912,000 | 1,905,000 | 1,773,000 | 1,731,000 | 1,727,000 | 1,604,100 | 1,644,200 | 1,570,100 | 1,453,500 | 1,273,300 | 1,326,200 | 1,375,400 | 1,492,900 | 1,440,800 | 1,488,300 | 1,359,400 | 1,433,000 | 1,339,700 | 1,213,100 | 1,291,000 |
| Financial leverage ratio | 3.79 | 3.94 | 4.12 | 4.10 | 4.21 | 4.36 | 4.28 | 4.46 | 4.86 | 5.36 | 5.23 | 5.15 | 4.83 | 5.02 | 4.84 | 5.16 | 4.99 | 5.25 | 5.50 | 4.95 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $7,249,000K ÷ $1,912,000K
= 3.79
The financial leverage ratio of Axalta Coating Systems Ltd has fluctuated over the observed period. Starting at 4.95 on March 31, 2020, it increased to its peak of 5.50 on June 30, 2020, before experiencing some variations in subsequent quarters. The ratio decreased to 4.99 by December 31, 2020, went on to reach 4.83 by December 31, 2021, and then spiked to 5.36 by September 30, 2022.
During the most recent period, the financial leverage ratio decreased to 3.79 by December 31, 2024. This indicates a decreasing trend in the company's reliance on debt to finance its operations and indicates potential improvements in financial stability and risk management. It is important for stakeholders and investors to closely monitor this ratio to assess the company's ability to meet its financial obligations and manage debt effectively.
Peer comparison
Dec 31, 2024