Belden Inc (BDC)
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 | 3,240,190 | 3,129,400 | 3,145,330 | 3,066,780 | 3,161,680 | 2,960,500 | 3,026,020 | 3,003,270 | 3,417,680 | 3,335,180 | 3,269,930 | 3,147,670 | 3,139,730 | 3,036,080 | 3,177,030 | 972,258 | 3,406,760 | 3,442,000 | 3,822,980 | 3,757,960 |
| Total stockholders’ equity | US$ in thousands | 1,166,260 | 1,199,400 | 1,162,970 | 1,133,520 | 1,143,010 | 1,133,810 | 1,048,200 | 946,770 | 955,287 | 939,518 | 867,751 | 839,092 | 750,581 | 792,396 | 823,919 | 947,243 | 959,847 | 1,138,700 | 1,428,210 | 1,430,910 |
| Financial leverage ratio | 2.78 | 2.61 | 2.70 | 2.71 | 2.77 | 2.61 | 2.89 | 3.17 | 3.58 | 3.55 | 3.77 | 3.75 | 4.18 | 3.83 | 3.86 | 1.03 | 3.55 | 3.02 | 2.68 | 2.63 |
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 been fluctuating over the past eight quarters, ranging from 2.61 to 3.17. The ratio peaked at 3.17 in Q1 2022 and hit its lowest point of 2.61 in both Q3 2023 and Q3 2022. This variation in the leverage ratio indicates changes in the company's capital structure and its reliance on debt funding.
Overall, Belden Inc's financial leverage ratio has averaged 2.74 over the eight quarters, suggesting that the company has been using debt to finance its operations at a moderate level relative to equity. Investors and analysts may monitor this ratio to assess the company's risk level, as higher leverage ratios typically indicate higher financial risk due to increased debt obligations.
Peer comparison
Dec 31, 2023