Dorman Products Inc (DORM)

Financial leverage ratio

Dec 31, 2024 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
Total assets US$ in thousands 2,424,520 2,364,100 2,285,720 2,220,140 2,292,410 2,260,350 2,256,840 2,260,660 2,341,790 1,801,210 1,761,170 1,724,300 1,673,120 1,615,850 1,269,480 1,264,270 1,220,660 1,158,830 1,179,650 1,152,780
Total stockholders’ equity US$ in thousands 1,293,470 1,234,600 1,201,320 1,174,500 1,168,200 1,128,090 1,086,070 1,049,140 1,042,630 1,021,040 990,957 959,400 932,736 904,524 892,985 883,811 853,559 1,158,830 807,132 791,375
Financial leverage ratio 1.87 1.91 1.90 1.89 1.96 2.00 2.08 2.15 2.25 1.76 1.78 1.80 1.79 1.79 1.42 1.43 1.43 1.00 1.46 1.46

December 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,424,520K ÷ $1,293,470K
= 1.87

The financial leverage ratio of Dorman Products Inc has shown some fluctuations over the years, ranging from 1.00 to 2.25. The ratio indicates the proportion of the company's debt relative to its equity.

From September 30, 2020, to December 31, 2021, the financial leverage ratio remained relatively stable between 1.00 and 1.79. However, starting from March 31, 2022, the ratio increased steadily, reaching a peak of 2.25 by December 31, 2022. This surge in leverage suggests that the company increased its debt levels compared to its equity during this period.

Subsequently, there was a slight decline in the financial leverage ratio from March 31, 2023, to December 31, 2024, hovering around 1.87 to 1.96. This may indicate that Dorman Products Inc took measures to reduce its debt relative to equity or experienced growth in equity during this period.

Overall, the trend in the financial leverage ratio of Dorman Products Inc indicates fluctuations in the company's debt-to-equity structure over the years, with a notable spike in leverage followed by a period of stabilization at a higher level compared to the initial years in the data provided.