Equifax Inc (EFX)
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 | 11,759,400 | 12,344,300 | 12,152,300 | 12,251,300 | 12,289,000 | 12,348,900 | 11,537,900 | 11,583,900 | 11,547,900 | 11,308,000 | 11,221,200 | 11,391,700 | 11,040,900 | 11,083,300 | 9,340,300 | 9,669,400 | 9,611,800 | 9,249,800 | 8,832,800 | 7,622,800 |
| Total stockholders’ equity | US$ in thousands | 4,796,900 | 4,909,000 | 4,696,000 | 4,561,500 | 4,534,100 | 4,293,300 | 4,191,200 | 4,064,000 | 3,956,500 | 3,759,000 | 3,805,000 | 3,834,100 | 3,584,400 | 3,539,200 | 3,460,500 | 3,318,000 | 3,168,400 | 2,929,000 | 2,694,100 | 2,386,500 |
| Financial leverage ratio | 2.45 | 2.51 | 2.59 | 2.69 | 2.71 | 2.88 | 2.75 | 2.85 | 2.92 | 3.01 | 2.95 | 2.97 | 3.08 | 3.13 | 2.70 | 2.91 | 3.03 | 3.16 | 3.28 | 3.19 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $11,759,400K ÷ $4,796,900K
= 2.45
Equifax Inc's financial leverage ratio has shown some fluctuations over the period from March 31, 2020, to December 31, 2024. The financial leverage ratio, which measures the company's level of debt relative to its equity, decreased from 3.19 on March 31, 2020, to 2.45 on December 31, 2024.
The trend indicates that Equifax Inc has been reducing its reliance on debt financing and gradually improving its financial position in terms of leverage. A decreasing financial leverage ratio signifies that the company is becoming less dependent on debt to finance its operations and investments.
It is important to note that a lower financial leverage ratio generally indicates a lower risk of financial distress, as the company has a stronger equity base compared to its debt. However, it is essential to evaluate the company's overall financial health and performance comprehensively, considering other financial ratios and factors impacting its operations.