Azenta Inc (AZTA)
Financial leverage ratio
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 2,100,040 | 2,323,300 | 2,563,500 | 2,824,310 | 2,885,720 | 3,069,420 | 3,249,810 | 3,292,420 | 3,716,120 | 3,722,720 | 4,159,050 | 1,854,940 | 1,819,510 | 1,763,260 | 1,664,100 | 1,614,730 | 1,559,260 | 1,503,920 | 1,479,330 | 1,558,960 |
| Total stockholders’ equity | US$ in thousands | 1,768,970 | 1,990,400 | 2,222,870 | 2,443,660 | 2,534,500 | 2,723,500 | 2,895,230 | 2,871,390 | 3,363,390 | 3,427,790 | 3,464,980 | 1,367,420 | 1,325,330 | 1,307,830 | 1,266,030 | 1,252,150 | 1,213,610 | 1,174,850 | 1,161,130 | 1,158,700 |
| Financial leverage ratio | 1.19 | 1.17 | 1.15 | 1.16 | 1.14 | 1.13 | 1.12 | 1.15 | 1.10 | 1.09 | 1.20 | 1.36 | 1.37 | 1.35 | 1.31 | 1.29 | 1.28 | 1.28 | 1.27 | 1.35 |
September 30, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,100,040K ÷ $1,768,970K
= 1.19
The financial leverage ratio for Azenta Inc has fluctuated over the past few years, indicating changes in the company's capital structure and debt levels. The ratio has generally been above 1, suggesting that the company has been using debt to finance its operations and investments.
From the trend analysis, we can observe that the financial leverage ratio increased from 1.09 in June 2022 to a peak of 1.37 in June 2021, indicating a significant increase in leverage during that period. Subsequently, the ratio decreased to 1.09 by June 2022 before increasing again to 1.19 by September 2024.
The fluctuations in the financial leverage ratio may imply variability in the company's risk profile, as higher leverage can amplify returns but also increase financial risk. It is crucial for investors and stakeholders to monitor these changes in leverage to assess the company's ability to meet its debt obligations and manage financial risk effectively. Further analysis of the company's financial statements and industry benchmarks could provide more insights into the factors driving these changes in the financial leverage ratio.
Peer comparison
Sep 30, 2024