Brinks Company (BCO)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 6,623,100 | 6,601,800 | 6,366,000 | 5,566,700 | 5,135,600 |
| Total stockholders’ equity | US$ in thousands | 312,500 | 397,400 | 570,200 | 252,600 | 202,500 |
| Financial leverage ratio | 21.19 | 16.61 | 11.16 | 22.04 | 25.36 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $6,623,100K ÷ $312,500K
= 21.19
The financial leverage ratio of Brinks Company has exhibited a downward trend from 25.36 as of December 31, 2020, to 22.04 as of December 31, 2021, indicating a reduction in the company's reliance on debt to finance its operations. However, there was a significant decrease to 11.16 by December 31, 2022, suggesting a substantial improvement in the company's debt management and financial risk. The ratio slightly increased to 16.61 by the end of 2023, indicating a moderate uptick in leverage, possibly for strategic growth initiatives. By December 31, 2024, the ratio rose to 21.19, signaling a higher level of debt utilization compared to the previous year, which could be due to increased investments or acquisition activities. Overall, the downward trend followed by a slight increase in the financial leverage ratio indicates that Brinks Company has been actively managing its debt levels to achieve its financial objectives and optimize its capital structure.
Peer comparison
Dec 31, 2024