CDW Corp (CDW)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 14,678,400 | 13,284,600 | 13,131,500 | 13,199,400 | 9,344,700 |
| Total stockholders’ equity | US$ in thousands | 2,352,700 | 2,042,500 | 1,603,300 | 705,700 | 1,297,100 |
| Financial leverage ratio | 6.24 | 6.50 | 8.19 | 18.70 | 7.20 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $14,678,400K ÷ $2,352,700K
= 6.24
The financial leverage ratio for CDW Corp has shown significant fluctuations over the period under review. Starting at 7.20 in December 2020, the ratio increased sharply to 18.70 by the end of 2021, indicating a substantial increase in financial leverage. However, there was a notable decrease in the ratio to 8.19 by December 2022, suggesting a reduction in the company's reliance on debt. Subsequently, the ratio declined further to 6.50 by the end of 2023 and to 6.24 by the end of 2024. These lower ratios in 2023 and 2024 reflect a reduced level of debt compared to total assets, indicating a more conservative financial position for CDW Corp during those years. Overall, the company has experienced fluctuations in its financial leverage ratios, with a notable decrease in recent years, signaling improved financial stability and potentially lower financial risk.
Peer comparison
Dec 31, 2024