National Vision Holdings Inc (EYE)
Financial leverage ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | 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 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 2,007,770 | 2,020,130 | 2,146,300 | 2,155,370 | 2,320,600 | 2,266,430 | 2,333,930 | 2,312,370 | 2,291,250 | 2,291,740 | 2,278,340 | 2,325,490 | 2,293,090 | 2,405,470 | 2,369,220 | 2,419,840 | 2,333,500 | 2,307,510 | 2,219,040 | 2,218,750 |
| Total stockholders’ equity | US$ in thousands | 816,333 | 839,997 | 843,408 | 841,319 | 829,418 | 840,352 | 908,412 | 896,726 | 901,113 | 906,925 | 891,669 | 950,726 | 925,980 | 988,557 | 938,337 | 887,532 | 906,502 | 864,963 | 820,939 | 786,160 |
| Financial leverage ratio | 2.46 | 2.40 | 2.54 | 2.56 | 2.80 | 2.70 | 2.57 | 2.58 | 2.54 | 2.53 | 2.56 | 2.45 | 2.48 | 2.43 | 2.52 | 2.73 | 2.57 | 2.67 | 2.70 | 2.82 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,007,770K ÷ $816,333K
= 2.46
The financial leverage ratio of National Vision Holdings Inc has shown some fluctuations over the analyzed period. The ratio ranged from a high of 2.82 on March 31, 2020, to a low of 2.40 on September 30, 2024.
Overall, the trend indicates a slight decrease in the financial leverage ratio from the initial period, with some ups and downs along the way. This suggests that the company's reliance on debt to finance its operations has varied over time.
It is important to note that a financial leverage ratio above 1 indicates that the company's operations are funded more by debt than equity. National Vision Holdings Inc's ratio consistently above 2 signals relatively high leverage, which could imply higher financial risk but also potential for increased returns for shareholders.
Further analysis and comparison with industry benchmarks would provide more insight into the company's capital structure and financial health.
Peer comparison
Dec 31, 2024