Exponent Inc (EXPO)
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 | 646,777 | 602,462 | 604,284 | 566,427 | 586,662 | 559,003 | 566,704 | 617,548 | 683,739 | 638,305 | 618,871 | 577,022 | 580,096 | 534,666 | 513,187 | 483,663 | 563,411 | 544,491 | 520,641 | 489,220 |
| Total stockholders’ equity | US$ in thousands | 356,085 | 353,635 | 357,079 | 341,856 | 320,752 | 319,800 | 337,494 | 386,564 | 417,065 | 404,989 | 387,767 | 377,608 | 361,498 | 343,197 | 332,567 | 323,497 | 350,251 | 357,279 | 343,852 | 329,177 |
| Financial leverage ratio | 1.82 | 1.70 | 1.69 | 1.66 | 1.83 | 1.75 | 1.68 | 1.60 | 1.64 | 1.58 | 1.60 | 1.53 | 1.60 | 1.56 | 1.54 | 1.50 | 1.61 | 1.52 | 1.51 | 1.49 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $646,777K ÷ $356,085K
= 1.82
Exponent Inc's financial leverage ratio has shown some fluctuations over the past few quarters. The ratio has ranged between 1.49 and 1.83, indicating changes in the company's level of financial leverage or debt utilization. A higher financial leverage ratio typically suggests a higher level of debt relative to equity in the company's capital structure.
In the most recent quarter, the financial leverage ratio was 1.82, which was higher compared to the previous quarter at 1.70. This increase may indicate that Exponent Inc has taken on more debt or increased its leverage to fund operations or investments. However, it is important to assess this ratio in conjunction with other financial metrics and industry benchmarks to understand the overall financial health and risk profile of the company.
Overall, the trend in Exponent Inc's financial leverage ratio suggests some fluctuation but has generally remained within a moderate range over the analyzed period. Monitoring this ratio along with other key financial ratios can provide insights into the company's capital structure and risk management strategies.
Peer comparison
Dec 31, 2023