ExlService Holdings Inc (EXLS)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 1,618,400 | 1,441,970 | 1,346,120 | 1,282,900 | 1,247,860 |
| Total stockholders’ equity | US$ in thousands | 929,862 | 889,437 | 758,179 | 693,156 | 719,172 |
| Financial leverage ratio | 1.74 | 1.62 | 1.78 | 1.85 | 1.74 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,618,400K ÷ $929,862K
= 1.74
The financial leverage ratio of ExlService Holdings Inc has exhibited some fluctuations over the past five years. As of December 31, 2020, the ratio stood at 1.74, indicating that the company had $1.74 in debt for every $1 of equity. By December 31, 2021, the ratio increased to 1.85, suggesting a higher level of leverage in the company's capital structure.
However, in the following year, by December 31, 2022, the financial leverage ratio decreased to 1.78, showing a slight reduction in the company's debt relative to equity. Subsequently, the ratio further declined to 1.62 by December 31, 2023, indicating a lower proportion of debt financing compared to equity.
As of the most recent data available, by December 31, 2024, the financial leverage ratio reverted back to 1.74, returning to a similar level observed in 2020. Overall, the trend in the financial leverage ratio of ExlService Holdings Inc suggests some variability in the company's leverage position over the years, with a general tendency towards fluctuations rather than a clear directional shift.
Peer comparison
Dec 31, 2024