Dover Corporation (DOV)
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 | 12,509,200 | 11,913,000 | 11,291,800 | 11,987,000 | 11,348,500 | 10,772,100 | 10,901,600 | 10,804,600 | 10,896,500 | 10,652,300 | 10,807,400 | 10,501,000 | 10,403,600 | 9,902,980 | 9,630,000 | 9,270,890 | 9,152,070 | 8,985,970 | 9,114,130 | 8,944,250 |
| Total stockholders’ equity | US$ in thousands | 6,954,000 | 5,698,000 | 5,363,620 | 5,152,850 | 5,106,600 | 4,832,500 | 4,662,100 | 4,460,560 | 4,286,370 | 3,991,430 | 4,388,520 | 4,329,780 | 4,189,530 | 3,891,820 | 3,719,300 | 3,499,140 | 3,385,770 | 3,246,420 | 3,089,530 | 2,980,680 |
| Financial leverage ratio | 1.80 | 2.09 | 2.11 | 2.33 | 2.22 | 2.23 | 2.34 | 2.42 | 2.54 | 2.67 | 2.46 | 2.43 | 2.48 | 2.54 | 2.59 | 2.65 | 2.70 | 2.77 | 2.95 | 3.00 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $12,509,200K ÷ $6,954,000K
= 1.80
The financial leverage ratio of Dover Corporation has exhibited a declining trend over the past few years, indicating an improvement in the company's financial structure and risk profile. The ratio decreased from 3.00 as of March 31, 2020, to 2.09 as of September 30, 2024. This signifies that the company has been reducing its reliance on debt to finance its operations and investments. A lower financial leverage ratio suggests that the company is better positioned to meet its financial obligations and is less susceptible to financial distress caused by high debt levels. The overall trend in the financial leverage ratio reflects Dover Corporation's efforts to strengthen its balance sheet and enhance its financial stability. Investors and stakeholders may view this improvement positively, as it indicates a healthier financial position for the company.
Peer comparison
Dec 31, 2024