Enersys (ENS)
Financial leverage ratio
| 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 | Jul 5, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 3,466,010 | 3,502,640 | 3,492,990 | 3,480,980 | 3,616,670 | 3,567,870 | 3,624,160 | 3,721,910 | 3,736,650 | 3,591,400 | 3,517,450 | 3,472,440 | 3,462,800 | 3,475,230 | 3,333,220 | 3,284,740 | 3,301,700 | 3,341,430 | 3,290,810 | 3,182,420 |
| Total stockholders’ equity | US$ in thousands | 1,753,640 | 1,726,530 | 1,659,990 | 1,679,770 | 1,600,280 | 1,527,760 | 1,410,940 | 1,435,080 | 1,489,370 | 1,504,120 | 1,570,020 | 1,563,600 | 1,539,760 | 1,527,560 | 1,431,390 | 1,361,630 | 1,300,520 | 1,366,100 | 1,315,480 | 1,292,930 |
| Financial leverage ratio | 1.98 | 2.03 | 2.10 | 2.07 | 2.26 | 2.34 | 2.57 | 2.59 | 2.51 | 2.39 | 2.24 | 2.22 | 2.25 | 2.28 | 2.33 | 2.41 | 2.54 | 2.45 | 2.50 | 2.46 |
March 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $3,466,010K ÷ $1,753,640K
= 1.98
Enersys' financial leverage ratio has shown fluctuations over the past few quarters, ranging from 1.98 to 2.59. A financial leverage ratio above 1 indicates that the company has more debt than equity in its capital structure.
The trend in Enersys' financial leverage ratio appears to have initially increased from 1.98 in March 2024 to 2.26 in March 2023, indicating a higher reliance on debt to finance its operations. However, the ratio decreased to 2.22 in December 2021 before rising again to 2.57 in September 2022. Subsequently, there have been fluctuations in the ratio, with a general downward trend observed in recent quarters, reaching 2.46 in June 2019.
These fluctuations in the financial leverage ratio suggest that Enersys has been actively managing its debt levels relative to equity over the periods analyzed. It is important for stakeholders to monitor this ratio to assess the company's risk exposure and financial stability, as higher leverage ratios may indicate increased financial risk and susceptibility to economic downturns.
Peer comparison
Mar 31, 2024