PC Connection Inc (CNXN)
Financial leverage ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 1,188,380 | 1,099,830 | 1,083,380 | 1,015,370 | 937,335 |
| Total stockholders’ equity | US$ in thousands | 840,767 | 766,175 | 682,473 | 636,327 | 597,312 |
| Financial leverage ratio | 1.41 | 1.44 | 1.59 | 1.60 | 1.57 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,188,380K ÷ $840,767K
= 1.41
The financial leverage ratio of PC Connection Inc has exhibited a fluctuating trend over the past five years. The ratio decreased from 1.60 in 2020 to 1.41 in 2023, indicating a lower level of financial leverage in the most recent year. The company's financial leverage ratio peaked at 1.59 in 2021, showing relatively higher leverage during that period. Overall, the company's financial leverage appears to have been relatively stable within a range of 1.41 to 1.60 over the five-year period, with a slight downward trend in recent years. This indicates that PC Connection Inc has maintained a moderate level of leverage in its capital structure, balancing the use of debt and equity to finance its operations.
Peer comparison
Dec 31, 2023