The Chefs Warehouse Inc (CHEF)
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 23, 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 | 1,858,690 | 1,773,630 | 1,715,420 | 1,670,370 | 1,705,310 | 1,658,040 | 1,650,990 | 1,552,130 | 1,509,300 | 1,252,760 | 1,136,880 | 1,091,570 | 1,073,800 | 1,032,010 | 1,010,600 | 962,582 | 974,325 | 1,031,780 | 1,035,400 | 1,106,910 |
| Total stockholders’ equity | US$ in thousands | 537,646 | 480,345 | 461,879 | 447,793 | 454,672 | 434,782 | 422,975 | 405,952 | 401,509 | 384,949 | 373,687 | 354,425 | 350,211 | 339,066 | 333,049 | 328,016 | 344,590 | 378,008 | 387,317 | 319,617 |
| Financial leverage ratio | 3.46 | 3.69 | 3.71 | 3.73 | 3.75 | 3.81 | 3.90 | 3.82 | 3.76 | 3.25 | 3.04 | 3.08 | 3.07 | 3.04 | 3.03 | 2.93 | 2.83 | 2.73 | 2.67 | 3.46 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,858,690K ÷ $537,646K
= 3.46
The financial leverage ratio of The Chefs Warehouse Inc has been fluctuating over the years. It stood at 3.46 as of March 31, 2020, and experienced a downward trend reaching a low of 2.67 by June 30, 2020. Subsequently, the ratio increased gradually to 3.25 as of September 23, 2022, before jumping to 3.76 by December 31, 2022. This increase was followed by a decline to 3.46 by December 31, 2024, almost back to the initial level observed in 2020. Overall, the financial leverage ratio indicates the company's reliance on debt financing relative to its equity, which has fluctuated over the years but has generally trended upwards since 2020.
Peer comparison
Dec 31, 2024