CSW Industrials Inc (CSWI)
Financial leverage ratio
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 1,043,330 | 1,043,450 | 995,360 | 874,957 | 369,245 |
| Total stockholders’ equity | US$ in thousands | 615,723 | 525,675 | 469,086 | 412,013 | 276,741 |
| Financial leverage ratio | 1.69 | 1.98 | 2.12 | 2.12 | 1.33 |
March 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,043,330K ÷ $615,723K
= 1.69
The financial leverage ratio of CSW Industrials Inc has exhibited fluctuations over the past five years. As of March 31, 2024, the financial leverage ratio stands at 1.64, indicating that the company's reliance on debt financing relative to equity has decreased compared to the previous year.
It is noteworthy that the ratio peaked at 2.12 in both March 31, 2022, and 2021, suggesting a higher level of debt utilization during those periods. However, the company managed to reduce its financial leverage ratio to 1.33 by March 31, 2020, indicating a lower dependence on debt financing at that time.
Overall, the trend in the financial leverage ratio of CSW Industrials Inc reflects varying levels of leverage over the past five years, with a recent decrease indicating a potential shift towards a more equity-funded capital structure. Further analysis of the company's financial performance and capital structure dynamics may provide insights into the strategies driving these changes in leverage ratios.
Peer comparison
Mar 31, 2024