Badger Meter Inc (BMI)
Financial leverage ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 816,413 | 802,861 | 781,260 | 743,474 | 716,919 | 689,757 | 659,252 | 633,403 | 603,047 | 574,373 | 560,031 | 545,938 | 530,818 | 515,047 | 499,016 | 486,295 | 468,380 | 448,636 | 439,533 | 430,956 |
| Total stockholders’ equity | US$ in thousands | 816,413 | 591,185 | 563,138 | 535,567 | 516,482 | 492,706 | 475,592 | 458,037 | 442,422 | 422,859 | 416,183 | 409,881 | 403,070 | 391,824 | 381,847 | 369,849 | 361,259 | 351,543 | 341,143 | 335,721 |
| Financial leverage ratio | 1.00 | 1.36 | 1.39 | 1.39 | 1.39 | 1.40 | 1.39 | 1.38 | 1.36 | 1.36 | 1.35 | 1.33 | 1.32 | 1.31 | 1.31 | 1.31 | 1.30 | 1.28 | 1.29 | 1.28 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $816,413K ÷ $816,413K
= 1.00
Badger Meter Inc's financial leverage ratio has shown a gradual increase over the years, starting at 1.28 as of March 31, 2020, and reaching 1.00 as of December 31, 2024. This indicates that the company's reliance on debt to finance its operations has decreased over this period. However, it is worth noting that there was a significant spike in the financial leverage ratio from March 31, 2024 (1.39) to September 30, 2024 (1.40), followed by a drop to 1.00 by December 31, 2024. This fluctuation may indicate varying levels of debt management and capital structure decisions by the company. Overall, a financial leverage ratio of 1.00 suggests that Badger Meter Inc's debt level is equal to its total equity, signifying a balanced capital structure.
Peer comparison
Dec 31, 2024