Barnes Group Inc (B)
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 | 3,308,010 | 3,277,330 | 2,440,680 | 2,444,370 | 2,413,700 | 2,311,050 | 2,401,100 | 2,555,360 | 2,576,800 | 2,586,590 | 2,626,870 | 2,600,260 | 2,676,200 | 2,610,120 | 2,588,500 | 2,667,600 | 2,738,300 | 2,707,910 | 2,795,240 | 2,799,680 |
| Total stockholders’ equity | US$ in thousands | 1,362,260 | 1,337,050 | 1,376,990 | 1,380,550 | 1,346,330 | 1,267,060 | 1,320,090 | 1,441,030 | 1,428,770 | 1,393,230 | 1,390,390 | 1,351,370 | 1,382,680 | 1,307,660 | 1,257,710 | 1,244,960 | 1,270,530 | 1,210,700 | 1,211,380 | 1,224,500 |
| Financial leverage ratio | 2.43 | 2.45 | 1.77 | 1.77 | 1.79 | 1.82 | 1.82 | 1.77 | 1.80 | 1.86 | 1.89 | 1.92 | 1.94 | 2.00 | 2.06 | 2.14 | 2.16 | 2.24 | 2.31 | 2.29 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $3,308,010K ÷ $1,362,260K
= 2.43
Based on the data provided, the financial leverage ratio of Barnes Group Inc. has exhibited fluctuations over the past eight quarters. The financial leverage ratio, which measures the extent to which the company is utilizing debt to finance its operations, indicates how much debt the company is using to support its assets.
In Q4 2023, the financial leverage ratio was 2.43, showing a slight decrease from the previous quarter's ratio of 2.45. This implies that in the most recent quarter, the company relied more on debt financing compared to Q3 2023. However, compared to the same quarter in the previous year (Q4 2022), the financial leverage ratio has decreased slightly from 1.79 to 2.43.
Overall, the financial leverage ratio for Barnes Group Inc. has been relatively stable over the past two years, ranging from 1.77 to 2.45. The ratio exceeding 1 indicates that the company has more debt than equity in its capital structure. Investors and creditors typically monitor changes in the financial leverage ratio to assess the company's risk profile and ability to meet its debt obligations.
Peer comparison
Dec 31, 2023