Azenta Inc (AZTA)
Financial leverage ratio
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 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 | 1,516,000 | 1,492,860 | 1,487,880 |
| Total stockholders’ equity | US$ in thousands | 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 | 1,138,950 | 738,126 | 729,911 |
| Financial leverage ratio | 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 | 1.33 | 2.02 | 2.04 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,824,310K ÷ $2,443,660K
= 1.16
The financial leverage ratio of Azenta Inc has been fluctuating over the past few quarters, ranging from a low of 1.09 in Q3 2022 to a high of 1.20 in Q2 2022. The ratio indicates that the company has a somewhat conservative capital structure, with a relatively low level of debt compared to equity.
The trend shows a slight increase in leverage towards the more recent quarters, reaching 1.16 in Q1 2024. This increase may suggest that the company has been taking on more debt to finance its operations or investment activities. It is important for stakeholders to monitor this trend closely to ensure that the company's debt levels remain sustainable and do not pose a risk to its financial stability.
Overall, the financial leverage ratio provides valuable insight into Azenta Inc's capital structure and financial risk profile, highlighting the importance of maintaining a balance between debt and equity to support long-term growth and profitability.
Peer comparison
Dec 31, 2023