CDW Corp (CDW)
Financial leverage ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 13,284,600 | 13,131,500 | 13,199,400 | 9,344,700 | 7,999,400 |
| Total stockholders’ equity | US$ in thousands | 2,042,500 | 1,603,300 | 705,700 | 1,297,100 | 960,300 |
| Financial leverage ratio | 6.50 | 8.19 | 18.70 | 7.20 | 8.33 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $13,284,600K ÷ $2,042,500K
= 6.50
The financial leverage ratio of CDW Corp has varied over the past five years. It decreased from 8.33 in 2019 to 6.50 in 2023, showing a downward trend in leverage. The ratio was highest in 2021 at 18.70, indicating higher levels of debt relative to equity that year. This suggests that CDW Corp relied more heavily on debt financing in 2021 compared to other years.
Overall, the financial leverage ratio of CDW Corp has fluctuated, indicating changes in the company's capital structure and the extent of its reliance on debt to finance its operations. It is important for stakeholders to monitor changes in the financial leverage ratio to assess the company's risk profile and financial health.
Peer comparison
Dec 31, 2023