PC Connection Inc (CNXN)
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 30, 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 | 1,299,350 | 1,285,740 | 1,283,480 | 1,161,060 | 1,188,380 | 1,181,430 | 1,164,280 | 1,118,060 | 1,099,830 | 1,134,120 | 1,123,630 | 1,100,820 | 1,083,380 | 1,013,930 | 1,031,270 | 958,386 | 1,015,370 | 1,003,330 | 954,340 | 913,192 |
| Total stockholders’ equity | US$ in thousands | 910,990 | 897,362 | 874,928 | 852,672 | 840,767 | 819,161 | 794,120 | 776,483 | 766,175 | 756,107 | 731,999 | 705,482 | 682,473 | 686,172 | 665,571 | 647,495 | 636,327 | 628,277 | 611,213 | 602,562 |
| Financial leverage ratio | 1.43 | 1.43 | 1.47 | 1.36 | 1.41 | 1.44 | 1.47 | 1.44 | 1.44 | 1.50 | 1.54 | 1.56 | 1.59 | 1.48 | 1.55 | 1.48 | 1.60 | 1.60 | 1.56 | 1.52 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,299,350K ÷ $910,990K
= 1.43
The financial leverage ratio of PC Connection Inc has exhibited some fluctuations over the past few years. It started at 1.52 as of March 31, 2020, increased to a peak of 1.60 by September 30, 2020, remained at this level until December 31, 2020, then decreased to 1.48 by March 31, 2021. The ratio fluctuated between 1.48 and 1.56 throughout 2021 and 2022. By December 31, 2022, the ratio was at 1.44, further declining to 1.36 by March 31, 2024, before rising again to 1.47 by June 30, 2024, and then stabilizing around 1.43 for the rest of 2024. Overall, the financial leverage ratio trended downwards in the later years, indicating a reduction in the company's reliance on debt to finance its operations and suggesting a stronger equity position.
Peer comparison
Dec 31, 2024