CSW Industrials Inc (CSWI)
Financial leverage ratio
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 1,359,300 | 1,050,530 | 1,043,330 | 993,131 | 1,011,310 | 1,033,100 | 1,043,450 | 1,047,670 | 1,021,390 | 1,017,920 | 995,360 | 950,045 | 903,022 | 904,242 | 879,522 | 880,577 | 391,667 | 874,957 | 374,059 | 380,694 |
| Total stockholders’ equity | US$ in thousands | 1,050,350 | 669,772 | 635,078 | 608,191 | 605,963 | 579,003 | 525,675 | 516,172 | 500,537 | 482,240 | 469,086 | 474,114 | 463,865 | 444,826 | 415,449 | 402,717 | 302,041 | 284,010 | 280,365 | 292,992 |
| Financial leverage ratio | 1.29 | 1.57 | 1.64 | 1.63 | 1.67 | 1.78 | 1.98 | 2.03 | 2.04 | 2.11 | 2.12 | 2.00 | 1.95 | 2.03 | 2.12 | 2.19 | 1.30 | 3.08 | 1.33 | 1.30 |
September 30, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,359,300K ÷ $1,050,350K
= 1.29
The financial leverage ratio of CSW Industrials Inc has shown fluctuations over the past several quarters. The ratio has been decreasing since the peak of 3.08 in June 2020, reaching a low point of 1.29 in September 2020. However, the ratio started increasing again and peaked at 2.19 in March 2021.
Subsequently, the ratio fluctuated within a range of 1.60 to 2.10 until reaching a relatively stable level around 2.00 since March 2022. This indicates that the company has been relying more on debt financing compared to equity, which could pose risks in terms of financial stability and repayment obligations.
Overall, the trend of the financial leverage ratio for CSW Industrials Inc reflects a mix of periods of high and low leverage, with a recent stabilization at around 2.00. It is important for stakeholders to closely monitor the company's leverage levels to assess the potential impact on financial performance and risk management.
Peer comparison
Sep 30, 2024