Carlisle Companies Incorporated (CSL)
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 | 6,620,000 | 6,816,000 | 7,176,200 | 7,115,400 | 7,222,000 | 7,732,000 | 7,577,700 | 7,323,000 | 7,246,800 | 7,074,600 | 5,839,300 | 5,752,200 | 5,866,400 | 5,800,000 | 5,808,300 | 6,297,600 | 5,496,000 | 5,541,100 | 5,396,700 | 5,301,700 |
| Total stockholders’ equity | US$ in thousands | 2,829,000 | 2,923,800 | 3,032,000 | 3,058,300 | 3,024,400 | 3,041,700 | 2,875,100 | 2,678,600 | 2,629,500 | 2,544,800 | 2,417,900 | 2,411,800 | 2,537,700 | 2,475,300 | 2,516,200 | 2,518,500 | 2,642,800 | 2,681,000 | 2,583,200 | 2,524,700 |
| Financial leverage ratio | 2.34 | 2.33 | 2.37 | 2.33 | 2.39 | 2.54 | 2.64 | 2.73 | 2.76 | 2.78 | 2.42 | 2.39 | 2.31 | 2.34 | 2.31 | 2.50 | 2.08 | 2.07 | 2.09 | 2.10 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $6,620,000K ÷ $2,829,000K
= 2.34
The financial leverage ratio for Carlisle Companies Inc. has shown some fluctuations in recent quarters. The ratio has ranged from 2.33 to 2.39 over the past year, with a slight increase in the most recent quarter compared to the previous one.
A financial leverage ratio of 2.34 indicates that the company has $2.34 in debt for every dollar of equity. This suggests that Carlisle Companies Inc. relies more on debt financing than equity financing to support its operations and growth.
The trend of increasing leverage ratios over the past year may indicate a growing reliance on debt to fund the company's activities. While having some level of debt can be advantageous for leveraging investments and achieving higher returns, it also comes with increased financial risk due to interest payments and potential debt repayment obligations.
It would be important for investors and stakeholders to closely monitor Carlisle Companies Inc.'s financial leverage ratio and overall debt levels to ensure the company maintains a healthy balance between debt and equity financing and does not become overly burdened by debt obligations.
Peer comparison
Dec 31, 2023