Azenta Inc (AZTA)
Financial leverage ratio
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 2,100,040 | 2,885,720 | 3,716,120 | 1,819,510 | 1,559,260 |
| Total stockholders’ equity | US$ in thousands | 1,768,970 | 2,534,500 | 3,363,390 | 1,325,330 | 1,213,610 |
| Financial leverage ratio | 1.19 | 1.14 | 1.10 | 1.37 | 1.28 |
September 30, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,100,040K ÷ $1,768,970K
= 1.19
Azenta Inc's financial leverage ratio has shown fluctuations over the past five years. The ratio increased from 1.28 in 2020 to 1.37 in 2021, indicating an increase in the company's reliance on debt to finance its operations. However, in the subsequent years, the ratio decreased steadily to 1.10 in 2022 and 1.14 in 2023, suggesting a reduction in financial risk and a shift towards a more conservative capital structure.
In 2024, the financial leverage ratio increased to 1.19, indicating a slight uptick in leverage compared to the previous year. This increase may result from changes in the company's financing decisions or investments. Overall, Azenta Inc's financial leverage ratio has shown both growth and contraction in recent years, reflecting varying levels of debt utilization and capital structure adjustments. Assessing the trend in conjunction with other financial metrics can provide a more comprehensive understanding of the company's financial health and risk profile.
Peer comparison
Sep 30, 2024