Brady Corporation (BRC)
Financial leverage ratio
| Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 1,515,570 | 1,424,100 | 1,407,600 | 1,383,410 | 1,389,260 | 1,376,770 | 1,372,270 | 1,350,630 | 1,367,330 | 1,344,240 | 1,387,060 | 1,410,480 | 1,377,760 | 1,260,180 | 1,207,880 | 1,175,710 | 1,142,470 | 1,140,340 | 1,215,800 | 1,231,220 |
| Total stockholders’ equity | US$ in thousands | 1,066,660 | 1,022,100 | 1,038,730 | 994,992 | 990,919 | 995,096 | 967,404 | 911,725 | 911,298 | 914,238 | 966,568 | 963,893 | 963,028 | 951,626 | 919,335 | 880,401 | 752,112 | 820,602 | 899,924 | 876,535 |
| Financial leverage ratio | 1.42 | 1.39 | 1.36 | 1.39 | 1.40 | 1.38 | 1.42 | 1.48 | 1.50 | 1.47 | 1.44 | 1.46 | 1.43 | 1.32 | 1.31 | 1.34 | 1.52 | 1.39 | 1.35 | 1.40 |
July 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,515,570K ÷ $1,066,660K
= 1.42
The financial leverage ratio for Brady Corporation has shown some fluctuations over the past two years, ranging from a low of 1.31 to a high of 1.52. The ratio measures the company's level of debt relative to its equity, indicating the extent to which the company relies on debt financing.
From the data provided, we can observe that the financial leverage ratio has generally been above 1.30, suggesting that the company has been moderately leveraged during this period. The ratio peaked at 1.52 in October 2020, indicating a relatively higher level of debt compared to equity at that time.
It is worth noting that there have been fluctuations in the financial leverage ratio over the past two years, with some quarters showing slight decreases followed by increases. This could indicate changes in the company's capital structure or financing decisions during those periods.
Overall, the trend in the financial leverage ratio for Brady Corporation suggests that the company has maintained a moderate level of leverage over the analyzed period, with occasional variations that may be influenced by changes in debt levels or equity investment.
Peer comparison
Jul 31, 2024