BioLife Solutions Inc (BLFS)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 399,487 | 412,714 | 450,229 | 554,286 | 234,829 |
| Total stockholders’ equity | US$ in thousands | 348,909 | 337,663 | 364,188 | 478,047 | 204,429 |
| Financial leverage ratio | 1.14 | 1.22 | 1.24 | 1.16 | 1.15 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $399,487K ÷ $348,909K
= 1.14
The financial leverage ratio of BioLife Solutions Inc has shown some fluctuations over the years, ranging from 1.14 to 1.24. A higher financial leverage ratio indicates that the company relies more on debt to finance its operations, while a lower ratio suggests a stronger reliance on equity.
In this case, the trend indicates that the company's reliance on debt compared to equity has slightly increased from 2020 to 2022, but then decreased in 2024. This suggests a fluctuating level of leverage in the company's capital structure over the years.
It is important for investors and stakeholders to closely monitor changes in the financial leverage ratio, as it can impact the company's financial stability and ability to meet its debt obligations.
Peer comparison
Dec 31, 2024