Entegris Inc (ENTG)

Financial leverage ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Total assets	US$ in thousands	8,394,620	8,812,590	10,138,900	3,191,900	2,917,700
Total stockholders’ equity	US$ in thousands	3,691,500	3,408,590	10,138,700	1,713,780	1,379,490
Financial leverage ratio		2.27	2.59	1.00	1.86	2.12

December 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $8,394,620K ÷ $3,691,500K
= 2.27

Entegris Inc's financial leverage ratio has shown fluctuations over the past five years. As of December 31, 2020, the ratio stood at 2.12, indicating a relatively high level of financial leverage.

However, by December 31, 2021, there was a notable decrease in the ratio to 1.86, suggesting a reduction in the company's reliance on debt to finance its operations. This trend continued into the next year, as of December 31, 2022, when the ratio dropped significantly to 1.00, indicating a more conservative capital structure.

The financial leverage ratio experienced a sharp increase by December 31, 2023, reaching 2.59. This rise may signal an increased level of debt relative to equity in the company's capital structure.

As of the latest available data on December 31, 2024, the ratio had slightly decreased to 2.27, although it remains elevated compared to the levels in 2021 and 2022. Overall, the fluctuating trend in Entegris Inc's financial leverage ratio suggests varying degrees of leverage and debt utilization in the company's financial strategy over the years.