Belden Inc (BDC)
Financial leverage ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 3,240,190 | 3,161,680 | 3,417,680 | 3,139,730 | 3,406,760 |
| Total stockholders’ equity | US$ in thousands | 1,166,260 | 1,143,010 | 955,287 | 750,581 | 959,847 |
| Financial leverage ratio | 2.78 | 2.77 | 3.58 | 4.18 | 3.55 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $3,240,190K ÷ $1,166,260K
= 2.78
The financial leverage ratio of Belden Inc has shown fluctuation over the past five years. The ratio decreased from 3.55 in 2019 to 2.78 in 2023. This decrease indicates that the company relied less on debt to finance its operations in 2023 compared to 2019. However, in 2021 and 2020, the financial leverage ratio increased significantly to 3.58 and 4.18, respectively, suggesting a higher reliance on debt financing during those years.
Overall, the trend in Belden Inc's financial leverage ratio indicates some variability in the company's capital structure and debt management practices. It is essential for stakeholders to monitor these fluctuations closely to assess the company's risk and financial stability over time.
Peer comparison
Dec 31, 2023