Fortune Brands Innovations Inc. (FBIN)
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 | 6,561,800 | 6,598,400 | 6,673,900 | 6,791,500 | 6,565,000 | 6,618,100 | 6,873,200 | 5,972,700 | 6,120,900 | 8,415,600 | 8,334,100 | 8,243,000 | 7,936,200 | 7,868,800 | 7,696,000 | 7,482,100 | 7,358,700 | 6,519,000 | 6,332,300 | 6,300,100 |
| Total stockholders’ equity | US$ in thousands | 2,422,000 | 2,395,900 | 2,330,600 | 2,280,800 | 2,293,400 | 2,219,000 | 2,177,100 | 2,082,500 | 2,086,900 | 3,030,100 | 2,952,400 | 2,914,800 | 3,064,800 | 3,054,600 | 3,043,500 | 2,924,400 | 2,775,500 | 2,628,600 | 2,461,800 | 2,357,000 |
| Financial leverage ratio | 2.71 | 2.75 | 2.86 | 2.98 | 2.86 | 2.98 | 3.16 | 2.87 | 2.93 | 2.78 | 2.82 | 2.83 | 2.59 | 2.58 | 2.53 | 2.56 | 2.65 | 2.48 | 2.57 | 2.67 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $6,561,800K ÷ $2,422,000K
= 2.71
The financial leverage ratio of Fortune Brands Innovations Inc. has shown some fluctuations over the past few years. The ratio ranged from 2.48 to 3.16 during the period from March 31, 2020, to December 31, 2024. This indicates that the company's level of financial leverage, or its use of debt to finance operations, has varied but generally remained within a moderate range.
The ratio peaked at 3.16 on June 30, 2023, suggesting a higher degree of reliance on debt financing at that point in time. However, the ratio decreased to 2.71 by December 31, 2024, indicating a potential decrease in debt usage or an increase in equity in the company's capital structure.
Overall, the fluctuations in the financial leverage ratio of Fortune Brands Innovations Inc. demonstrate a balancing act between utilizing debt for growth and maintaining a sustainable level of leverage in its capital structure.
Peer comparison
Dec 31, 2024