Columbia Sportswear Company (COLM)

Financial leverage ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Total assets	US$ in thousands	2,939,010	2,798,940	2,789,800	2,888,970	3,051,550	2,890,150	2,726,790	2,787,980	3,067,130	2,889,360	2,863,300	2,793,910	2,836,570	2,652,310	2,622,400	2,751,490	2,931,590	2,751,080	2,662,450	2,613,710
Total stockholders’ equity	US$ in thousands	1,938,610	1,895,310	1,874,660	1,947,780	1,935,790	1,814,800	1,731,720	1,818,900	1,989,250	1,880,320	1,861,660	1,868,810	1,832,770	1,722,820	1,652,830	1,696,590	1,849,450	1,747,110	1,655,190	1,720,650
Financial leverage ratio		1.52	1.48	1.49	1.48	1.58	1.59	1.57	1.53	1.54	1.54	1.54	1.50	1.55	1.54	1.59	1.62	1.59	1.57	1.61	1.52

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 exhibited fluctuations over the past eight quarters. The ratio ranged between 1.48 to 1.59 during this period, indicating changes in the company's reliance on debt to finance its operations and growth.

The lowest financial leverage ratio of 1.48 was observed in Q3 2023 and Q1 2023, while the highest ratio of 1.59 was recorded in Q3 2022. This suggests that the company had a relatively higher proportion of debt in its capital structure during Q3 2022 compared to other quarters.

Overall, the fluctuations in the financial leverage ratio indicate varying levels of debt utilization by Columbia Sportswear Co. over the past two years. It is essential for stakeholders to closely monitor these trends to assess the company's risk and financial stability.