National Vision Holdings Inc (EYE)
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 | 2,172,510 | 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 | 2,032,720 | 2,078,420 | 2,071,840 | 2,053,090 |
| Total stockholders’ equity | US$ in thousands | 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 | 776,437 | 765,471 | 774,434 | 762,580 |
| Financial leverage ratio | 2.62 | 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 | 2.62 | 2.72 | 2.68 | 2.69 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,172,510K ÷ $829,418K
= 2.62
National Vision Holdings Inc's financial leverage ratio has shown some variability over the past few quarters, ranging from a low of 2.43 to a high of 2.82. The trend appears to be somewhat unstable, with fluctuations in the ratio recorded in consecutive quarters. Overall, the company's financial leverage ratio has been relatively high, indicating that a significant portion of its assets is financed by debt compared to equity. This level of leverage can amplify both returns and risks for the company.
It is important for stakeholders to closely monitor the company's financial leverage ratio over time to assess the sustainability of its capital structure and the potential impact on its financial health and stability.
Peer comparison
Dec 31, 2023