AZZ Incorporated (AZZ)
Financial leverage ratio
| Feb 28, 2025 | Feb 29, 2024 | Feb 28, 2023 | Feb 28, 2022 | Feb 28, 2021 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 2,227,100 | 2,195,500 | 2,221,480 | 1,133,030 | 996,442 |
| Total stockholders’ equity | US$ in thousands | 1,045,500 | 934,491 | 853,460 | 667,365 | 623,292 |
| Financial leverage ratio | 2.13 | 2.35 | 2.60 | 1.70 | 1.60 |
February 28, 2025 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,227,100K ÷ $1,045,500K
= 2.13
The financial leverage ratio of AZZ Incorporated has been increasing steadily over the past five years. It was at 1.60 on February 28, 2021, and has since risen to 2.13 on February 28, 2025. This indicates that the company's level of debt relative to its equity has been growing over time. The increase in the financial leverage ratio suggests that the company is relying more on debt financing to support its operations and growth. It is important to monitor this trend closely to ensure that the company can effectively manage its debt levels and maintain financial stability.
Peer comparison
Feb 28, 2025