Columbia Sportswear Company (COLM)

Financial leverage ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Total assets	US$ in thousands	2,939,010	3,051,550	3,067,130	2,836,570	2,931,590
Total stockholders’ equity	US$ in thousands	1,938,610	1,935,790	1,989,250	1,832,770	1,849,450
Financial leverage ratio		1.52	1.58	1.54	1.55	1.59

December 31, 2023 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,939,010K ÷ $1,938,610K
= 1.52

The financial leverage ratio of Columbia Sportswear Co. has shown a decreasing trend over the past five years, indicating a reduction in the company's reliance on debt to finance its operations. The ratio decreased from 1.59 in 2019 to 1.52 in 2023. This suggests that the company has been able to strengthen its financial position by either paying down debt or increasing its equity base. A lower financial leverage ratio generally indicates lower financial risk and greater financial stability for the company. It is important to monitor this ratio in conjunction with other financial metrics to assess the overall health and performance of Columbia Sportswear Co.