Brunswick Corporation (BC)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 5,677,700 | 6,230,500 | 6,321,300 | 5,425,000 | 3,770,600 |
| Total stockholders’ equity | US$ in thousands | 200,000 | 2,087,400 | 2,042,300 | 1,914,200 | 1,510,000 |
| Financial leverage ratio | 28.39 | 2.98 | 3.10 | 2.83 | 2.50 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $5,677,700K ÷ $200,000K
= 28.39
The financial leverage ratio for Brunswick Corporation has shown some fluctuations over the years. It increased from 2.50 in 2020 to 2.83 in 2021, indicating a higher level of leverage. Subsequently, the ratio continued to rise to 3.10 by the end of 2022, reaching its peak. However, in 2023, there was a slight decrease to 2.98, suggesting a reduction in leverage compared to the previous year.
The most notable change occurred in 2024, where the financial leverage ratio spiked significantly to 28.39. Such a drastic increase could be a red flag, signaling a substantial change in the company's financial structure or reporting errors. It is advisable for investors and stakeholders to further investigate the reasons behind this unusual surge in the leverage ratio to assess the company's financial health and risk profile accurately.
Peer comparison
Dec 31, 2024