BioLife Solutions Inc (BLFS)
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 | 412,714 | 411,152 | 433,177 | 446,470 | 450,229 | 488,020 | 470,681 | 544,279 | 554,286 | 559,391 | 520,969 | 240,024 | 234,829 | 195,887 | 113,970 | 94,987 | 92,816 | 83,789 | 51,303 | 48,073 |
| Total stockholders’ equity | US$ in thousands | 337,663 | 332,017 | 352,128 | 358,107 | 364,188 | 405,120 | 409,544 | 476,075 | 478,047 | 489,259 | 452,281 | 208,777 | 204,429 | 186,851 | 105,843 | 67,709 | 43,321 | 35,191 | 2,072 | -3,740 |
| Financial leverage ratio | 1.22 | 1.24 | 1.23 | 1.25 | 1.24 | 1.20 | 1.15 | 1.14 | 1.16 | 1.14 | 1.15 | 1.15 | 1.15 | 1.05 | 1.08 | 1.40 | 2.14 | 2.38 | 24.76 | — |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $412,714K ÷ $337,663K
= 1.22
The financial leverage ratio of BioLife Solutions Inc has fluctuated over the past few quarters, ranging from 1.05 to as high as 24.76. A financial leverage ratio greater than 1 indicates that the company relies more on debt financing than equity financing to support its operations and growth.
The notable spike to 24.76 in the financial leverage ratio as of March 31, 2020 raises concerns about the company's high level of debt relative to its equity. This could potentially indicate financial distress or a risky capital structure during that period.
Subsequent periods show a more normalized range of financial leverage ratios, although there are still fluctuations. It is essential for investors and stakeholders to closely monitor the financial leverage ratio to assess the company's capital structure stability and ascertain the effectiveness of its debt management strategies in the long run.
Peer comparison
Dec 31, 2023