Topbuild Corp (BLD)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 4,735,430 | 5,162,850 | 4,606,830 | 4,258,530 | 2,815,280 |
| Total stockholders’ equity | US$ in thousands | 2,209,620 | 2,563,660 | 1,929,710 | 1,636,430 | 1,348,790 |
| Financial leverage ratio | 2.14 | 2.01 | 2.39 | 2.60 | 2.09 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $4,735,430K ÷ $2,209,620K
= 2.14
The financial leverage ratio for Topbuild Corp has shown variability over the past five years. Starting at 2.09 in December 2020, the ratio increased to 2.60 by December 2021, indicating a higher level of financial leverage. However, in the subsequent years, the ratio fluctuated, reaching a peak of 2.60 in 2021 before decreasing to 2.01 in December 2023. By the end of December 2024, the ratio had risen slightly to 2.14. Overall, Topbuild Corp's financial leverage ratio suggests that the company relies on a mix of debt and equity to finance its operations and investments, with some fluctuations in its leverage position over the years.