Cognex Corporation (CGNX)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 1,992,850 | 2,017,810 | 1,958,140 | 2,003,660 | 1,800,700 |
| Total stockholders’ equity | US$ in thousands | 1,517,500 | 1,504,750 | 1,438,390 | 1,430,090 | 1,262,200 |
| Financial leverage ratio | 1.31 | 1.34 | 1.36 | 1.40 | 1.43 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,992,850K ÷ $1,517,500K
= 1.31
The financial leverage ratio of Cognex Corporation has been steadily decreasing over the past five years, indicating a reduction in the company's reliance on debt to finance its operations. From 1.43 in December 2020 to 1.31 in December 2024, this downward trend suggests that the firm has been effectively managing its debt levels and strengthening its financial position. A lower financial leverage ratio typically signifies a more sustainable capital structure and lower financial risk for the company. Overall, Cognex Corporation's decreasing financial leverage ratio is a positive indicator of its financial health and stability.
Peer comparison
Dec 31, 2024