Embecta Corp (EMBC)
Financial leverage ratio
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 1,217,800 | 1,214,400 | 1,252,100 | 1,210,000 | 1,196,900 | 1,086,400 | 1,049,800 | 833,500 | 739,900 |
| Total stockholders’ equity | US$ in thousands | -793,500 | -821,700 | -809,400 | -822,600 | -836,100 | -891,400 | -847,600 | -967,500 | 550,500 |
| Financial leverage ratio | — | — | — | — | — | — | — | — | 1.34 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,217,800K ÷ $-793,500K
= —
The financial leverage ratio for Embecta Corp is not explicitly provided for the periods ending Dec 31, 2023; Sep 30, 2023; Jun 30, 2023; Mar 31, 2023; Dec 31, 2022; Sep 30, 2022; Jun 30, 2022; and Mar 31, 2022. However, for the period ending Dec 31, 2021, the financial leverage ratio was 1.34. This ratio indicates that the company has a higher proportion of debt in its capital structure compared to equity. A financial leverage ratio above 1 suggests that the company relies more on debt financing than equity, which can amplify returns but also increase financial risk. It would be beneficial to track the financial leverage ratio over time to assess any changes in the company's capital structure and level of financial risk.
Peer comparison
Dec 31, 2023