ESCO Technologies Inc (ESE)
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 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 1,772,530 | 1,683,210 | 1,703,510 | 1,682,600 | 1,635,990 | 1,654,460 | 1,652,690 | 1,625,790 | 1,604,220 | 1,577,340 | 1,408,680 | 1,357,400 | 1,383,580 | 1,370,190 | 1,444,580 | 1,441,580 | 1,431,570 | 1,466,700 | 1,326,100 | 1,293,960 |
| Total stockholders’ equity | US$ in thousands | 1,154,090 | 1,131,140 | 1,107,040 | 1,080,800 | 1,066,400 | 1,048,160 | 1,029,880 | 1,021,170 | 1,015,280 | 1,019,700 | 1,004,850 | 990,660 | 976,162 | 959,026 | 943,457 | 926,207 | 915,491 | 826,222 | 811,807 | 794,396 |
| Financial leverage ratio | 1.54 | 1.49 | 1.54 | 1.56 | 1.53 | 1.58 | 1.60 | 1.59 | 1.58 | 1.55 | 1.40 | 1.37 | 1.42 | 1.43 | 1.53 | 1.56 | 1.56 | 1.78 | 1.63 | 1.63 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,772,530K ÷ $1,154,090K
= 1.54
The financial leverage ratio of Esco Technologies, Inc. has fluctuated over the past eight quarters. The ratio peaked at 1.60 in Q3 2022 and reached its lowest level of 1.49 in Q4 2023. Overall, the company's financial leverage ratio has remained relatively stable, staying within the range of 1.49 to 1.60, indicating that the company is utilizing a moderate level of debt to finance its operations. It is important to closely monitor changes in the financial leverage ratio to assess the company's capital structure and financial risk.
Peer comparison
Dec 31, 2023
Company name
Symbol
Financial leverage ratio
ESCO Technologies Inc
ESE
1.54
Iridium Communications Inc
IRDM
3.00
Lumentum Holdings Inc
LITE
4.11